After 45 Days of Trading

Here is where the metal meets the road.

I have been trading for a grand total of 45 trading days.

I have an average cash investment of $14,843.49 per day of trading. This is my actual cash in. Why more then 10K? Simple. I screwed up on the one form and they took 5K from me. I moved in another 5K and both were in there for a bit. I currently have 14,836 of my cash in the account.

In the 45 days:

DJ30 +2.07%
SP500 + 3.19%
NASDAQ +3.77%

APPL +23.46%
C +5.977%


Me. +37.32% of realized gains
Me. +43.55% with todays unrealized gains


I have to say not to bad for an amateur first time investor in the first 45 days!

Good Hobbit Trades

The worst of the good trades NSTR at .19 in gains. Not the best trade but it was good because it finished higher.


CNBC (the bane of the financial world) suggested to short MTL at 140 and cover at 130. Well I followed the advice. I shorted at the 150 level and covered at 140. /sarcasm=on Great call there CNBC /sarcasm=off . I did nearly the same thing again. A nice profit of 1469.


I also made some money just before tax day on APPL for $253.

My best call has been CitiBank. I have to say I love C (at least for now). I bought just before the news of the quarterly report.

I traded yesterday and make almost $1500.

Today I bought C again and expect to trade for a gain plus leverage some dividends on May 5. I am really hoping for a great run to $30. Then a retreat back to $25 or so would be great. So that is my hope for next week.


Next post: How much have I made and lost?

Bad Hobbit Trades

Well I had some problems with market.

I was so mad I could not post.

Bad Hobbit Trades:
LNET: -1973.74

This was an impulse trade and bad one at that. I should have stopped the bleeding much faster.

I then shorted C on several trades however, I had a net gain of a few dollars.


More in C in the next post