An Accountant's Journal

Rang the register on Intel at 10:33 am today for $27.35. That was a gain of 1.82% from my purchase price of $26.86. So I exceeded my 1% goal.

What happened: Opened up today at 27.10 with the dow taking early gains. It continued to move in the right direction until around 10:20 when it was hovering around 27.30-27.35. Since most of the buying action is in the first hour of trading I saw this as an opportunity to get out, in fear that there might be some low volume and/or sell off period.

I sent a limit order for 27.35 since that was the top of what I was seeing, and if it dropped to 27.28 I was going to market sell. Well my limit was fulfilled before it went back down to 27.28. I am very happy with this trade, went exactly how I would have liked it to go. This stock will probably trade up today into tomorrow, but I was happy to take my profits at this point.

See you tomorrow.
 
congrats...cha..ChinG..gggg



Quote from Accountant_23:

Rang the register on Intel at 10:33 am today for $27.35. That was a gain of 1.82% from my purchase price of $26.86. So I exceeded my 1% goal.

What happened: Opened up today at 27.10 with the dow taking early gains. It continued to move in the right direction until around 10:20 when it was hovering around 27.30-27.35. Since most of the buying action is in the first hour of trading I saw this as an opportunity to get out, in fear that there might be some low volume and/or sell off period.

I sent a limit order for 27.35 since that was the top of what I was seeing, and if it dropped to 27.28 I was going to market sell. Well my limit was fulfilled before it went back down to 27.28. I am very happy with this trade, went exactly how I would have liked it to go. This stock will probably trade up today into tomorrow, but I was happy to take my profits at this point.

See you tomorrow.
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Quote from Accountant_23:

Rang the register on Intel at 10:33 am today for $27.35. That was a gain of 1.82% from my purchase price of $26.86. So I exceeded my 1% goal.
More...

Nice!
 
No trades placed today as all my stocks opened up below their pivot points and most continued that way throughout the day. Hopefully tomorrow we'll see some upswing. The Dow finished(75.07).
 
Bought alcoa today at 9:33 am for $27.14. Sold at 10:06 am for $27.48. 1.25% gain from my purchase price and above my expected goal of 1%.

I sold at 27.48 because resistance 1 was 27.45 and I didn't think it would have the momentum to continue. It did though and shot all the way up to 27.78. I'm ok with that because I stuck to my trading plan and even exceeded my goal.

I also increased my size on this trade to 385 shares. I will now use $10,500 as my trading size instead of 100 shares. So however many shares I can buy with 10,500 I will use. That means with my 1% goal in place I will be going for $105/trade from now on, after commissions we come out to a little over $90.

Good Luck today!
 
That's not bad scratch....$90 a day....

Quote from Accountant_23:

Bought alcoa today at 9:33 am for $27.14. Sold at 10:06 am for $27.48. 1.25% gain from my purchase price and above my expected goal of 1%.

I sold at 27.48 because resistance 1 was 27.45 and I didn't think it would have the momentum to continue. It did though and shot all the way up to 27.78. I'm ok with that because I stuck to my trading plan and even exceeded my goal.

I also increased my size on this trade to 385 shares. I will now use $10,500 as my trading size instead of 100 shares. So however many shares I can buy with 10,500 I will use. That means with my 1% goal in place I will be going for $105/trade from now on, after commissions we come out to a little over $90.

Good Luck today!
More...
 
Quote from Accountant_23:

Bought alcoa today at 9:33 am for $27.14. Sold at 10:06 am for $27.48. 1.25% gain from my purchase price and above my expected goal of 1%.
More...

Nice to see your first trade after the Holiday be a profitable one..like your new increase in shares as well...wishing you continued success....

Always remember, there is never anything wrong with getting rich S-L-O-W-L-Y
 
like your stye slim...


Quote from Slim Harpo:

Nice to see your first trade after the Holiday be a profitable one..like your new increase in shares as well...wishing you continued success....

Always remember, there is never anything wrong with getting rich S-L-O-W-L-Y
More...
 
No trades placed today. Once again this week, the market opened to my distaste. Oddly enough the dow finished up slightly positive after a bad morning. Hopefully tomorrow we'll have a good open.

I am also thinking of dropping some stocks from my selection and replacing them with a few non-dow component stocks. I will be dropping stocks that don't seem to move at all, therefore cannot accomplish my 1% goal. When the time comes I will list the poor performing dow components that I dropped and the ones I used to replace them with.

~ Accountant
 
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