Live Off Dividends

Passive Income and Personal Finance

Day Trading Log Week 6: 10/24/16-10/28/16

day-trading-logweek-610_24_16-10_28_16

This completes my 6th week of day trading along with October. This wasn’t my best week of trading but it still worked out alright. This week brings my YTD gain up to $128.19 and my weekly average down to $21.37. An extra $20 per week is still fine with me. I’m continuing to learn every week and that’s really what the goal here is. I’m in the process of saving some money in the form of cash in the event of a market correction. If my cash was sitting in my brokerage account uninvested it would be doing nothing for me. Day trading has allowed me to make a small return on my uninvested cash while learning in the process.

Here are my trades for the week:

screen-shot-2016-10-30-at-12-15-35-pm

I had kind of a rough week being that I got “stuck” holding Verizon for a few days until I was able to sell. Then I made a few other trades and got “stuck” again holding BUD, which I’m still holding. I’m hoping I’ll be able to get rid of it next week but if not that’s what I designed this strategy for. I think BUD is extremely attractive at these prices and it’s almost at a 4% dividend here.

I was able to make an extra $111.84 in October by day trading. I realize I will be taxed on my profits at the end of the year and when that time comes I’ll show my gross income from trading as well as my net income. Profits are still profits no matter which way you look at it.

screen-shot-2016-10-30-at-12-16-56-pm

I think during an “average” week I should easily be able to continue to make an extra $20 per week which is a little less than a 1% gain per week. If I can start averaging a full 1% per week that’s 52% per year, not bad! Again, I’m only trading with about 5% of my portfolio so my profits are small at this point. Eventually I may start trading larger quantities but for now I’m happy with the progress.

Click here to see my full day trading log!

 

Want to make extra money every month? Try These 10 Legitimate Ways to Make Money From Home!

Save

Save

JOIN OUR NEWSLETTER
Did you enjoy this article? Signup today and receive free updates straight to your inbox.
We hate spam. Your email address will not be sold or shared with anyone else.

12 Comments

  1. Good for you John! I agree, profits are profits!

  2. Love learning about this!! Such a fast moving world!

    Jenna from http://www.visionsofvogue.com

  3. John, are you doing this part-time? If so, how do you keep up with it during the day? 52% in a year sounds good to me!

    • Yes Roy, I’m doing this part time, I make all my trades while I’m at work. I utilize a lot of limit sell orders! 52% would be more than okay with me!!

  4. Glad to see you at least made profits all around! What made you buy Verizon though? That last sale made you one penny on each 🙁 Hopefully the BUD buy works out better for you!

  5. This is fascinating to me! It seems like such a fun game that also has real life and practical purposes. I’ll definitely be following along for the rest of your updates!

  6. Great job! Inspirational!

Leave a Reply

Your email address will not be published.

*

© 2017 Live Off Dividends

Theme by Anders NorenUp ↑