Thursday, May 07, 2020

SPXL trade 05/07/2020

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.

            $457.40 self-imposed May trading limit.
            2% of $457.40 = $9.15 May profit needed.

     On Friday, 05/01/2020 I bought 2 SPXL @ $33.80 and today (Thursday 05/07/2020) I sold 2 SPXL @ $35.05.

          $70.10.........….sold 2 SPXL @ $35.05
          $67.60.……bought 2 SPXL @ $33.80
          $ 2.50 total profit

     $2.50 / $67.60 = 3.69% ROI

     I dictated that I was selling the 2 SPXL I purchased @ $33.80  but I still hold 1 SPXL @ $35.55.

     Should SPXL go down I can buy again and if it continues to rise I can sell the 1 I still own. 

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

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