Wednesday, April 01, 2020

SPXL trade 04/01/2020

This post is a continuation of the $50 a month stock challenge I started October 14, 2019.  Click on, "No Commission Stock Trades", on the right side of the page to read from the start.

            $331.94 self-imposed April trading limit.
            2% of $381.94 = $7.64 April profit needed.

    Bought  2 SPXL at 7:21am @ $23.15, sold 2 SPXL at 10:09am for $24.15

    $48.30.....sold  2 SPXL @ $24.30
    $46.30.....bought 2 SPXL @ $23.15
    $  2.00 total profit

    $2.00 / $46.30 = 4.31% ROI

     SPXL is a leveraged ETF that mimics the S&P 500. IMHO, the market can not be trusted and I will take profits when available. The volatility is causing large moves in the market and the S&P.

      Our funds will be available for trading again on Friday. Unsettled funds can be used BUT the stock purchase can not be sold until the stock is fully paid for. 

Disclaimer, I am not a professional.
your comments are welcome and appreciated or

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