Monday, April 06, 2020

SPXL Trade 04/06/2020

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.

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

     Friday (04/03/2020) I bought 2 SPXL @ $22.80 a share and today (04/06/2020) I sold 2 SPXL @ $25.80.

     $51.60...…....sold 2 SPXL @ $25.80
     $45.60......bought 2 SPXL @ $22.80
     $6.00 total profit

    $6.00 / $45.60 = 13.15% ROI

     SPXL (S & P 500 leveraged ETF) was up today and I took profits. The "unsettled funds" from that sale will turn to "cash" on Wednesday in my account. 

     IMHO, the market will take quite some time to recover and will zig-zag (move higher and lower) and I hope to catch several of those profitable moves. A "choppy market" plays into our trading strategy (short term profits over long term gains).



Disclaimer, I am not a professional.
your comments are welcome and appreciated or
 e-mail...…..   1948modelblog@gmail.com

     

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