This is now my 5th week of day trading and I’m pretty happy with the progress I’ve made. My YTD gain is now $113.36. As of now I’m averaging $22.67 per week. If I can continue to average this I’ll make an extra $1,178.84 per year. I still think I can average much more as I’m just getting started.
Here are my trades for the week:
I’ve been continuing to trade HCP quite a bit but it was up around 3% this week until Friday so I backed off and starting trading VZ on the dip. I was able to lower my average cost per share by trading VZ and I may use that to my advantage with other stocks as well. I really like VZ at these levels and will probably continue to trade it even though I’m not able to buy as many shares.
Here are my profits by day. According to the chart I didn’t trade on Friday but I bought some VZ that I wasn’t able to get rid of. Verizon dropped about 4% this week and I don’t need to make up much ground to make profit on my trade. That’s the only reason I didn’t sell and take the loss. I’m confident I’ll get out of this trade successfully.
So other than my current hold this is my third week in a row with 100% success rate with my trades. Though my strategy isn’t yielding huge profits it is proving to be rather consistent. It’s a shame I’m not trading with a couple thousand shares at a time! Haha maybe eventually.
Hopefully I can get out of this trade on Monday and reach $50 next week! Slow progress is still progress!
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