Monday, May 18, 2020

SPXL trade 05/18/2020

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 04/30/2020 I bought 1 SPXL @ $35.55 and on 05/14/2020 I bought 2 SPXL @ $34.35 and today I sold 3 SPXL @ $37.55.

     $112.65...…..sold 3 SPXL @ $37.55
     $ 35.55....bought 1 SPXL @ $35.55
     $ 68.70....bought 2 SPXL @ $34.35
     $  8.40 total profit

     $8.40 / $104.25 = 8.05% ROI

     I expect SPXL to go much higher but not in a straight line, I hope to re-purchase at a lower price. The large move today makes me think it will be lower tomorrow. The $104.25 unsettled funds from todays sale will not become "cash" until Wednesday but I still have $81.47 in cash to invest tomorrow if I see an opportunity.
      
Disclaimer, I am not a professional
your comments are welcome and appreciated or
e-mail...…..   1948modelblog@gmail.com

     

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