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Last Week: Website, Day Trading & Price Alerts

WEBSITE

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UPDATES

Last week I sold my position in Rite-Aid (RAD) to basically break even.  I transferred the resulting $900 over to my Robinhood brokerage account so I would have more money to experiment with in the Price Alert Experiment.  I wanted to see if I could generate some short terms gains by placing limit order sales so my trades automatically happened at predetermined levels.  On 2/22 I transferred a total of $980 to Robinhood, combining all the cash I had in the E*Trade brokerage account with a few dollars that were in my side hustle checking account.

E*Trade alert / Robinhood Trade

On 2/22 I received a price alert from E*Trade that ROKU had dropped below the level I had set a price alert for: $41.00.  I jumped into action and did some quick reading.  ROKU had a poor earnings report but I still like the volatility and believe there is a strong chance it will go back up as soon as any good news is heard.

With my Robinhood brokerage account, I bought 10 shares of ROKU for $43.09 each, total cost was $430.90

 IRA transactions:

2/22: I bought 5.204 additional shares of the mutual fund PRGFX for $66.32 each, total price of $345.13

2/23: I contributed $105

In my E*Trade Brokerage transactions:

2/23: I contributed $50

FAST, SMALL PROFITS

To date I am monitoring AMD, TCS, & ROKU for large price swings that I will try to capitalize on for large profits.  I was thinking that with using Robinhood’s platform to avoid fees, I could possibly make some smaller profits with other known volatile stocks.  All the stocks I mentioned above are ones I discovered over my past 6 months of trading.  I needed to find more stocks that had some short-term potential.  That’s why we have Google.

I Googled this phrase “stocks good for day trading.”  Right at the top was an article from Investopedia called “Four Great Stocks for Day Traders (BBG, SGYP).”  I love Investopedia. They offer free play money accounts you can practice with.  Their articles are factual and as actionable as any on the internet.  So, I read the article even though it was more than 2 years old; the stocks were all still as volatile as ever.  I decided to set up some limit trades to try and make some short-term profits.  I had about $560 left and they offered me 4 stock picks, so I set up 4 orders for about $140 each.

The following transactions are based on my best guess from looking at the graphs from the past week and month.  I tried to find a number near the low end of the recent price it had hit several times in the past week or month.  I tried to find a similar number that was a little higher.  Inside my Robinhood brokerage account, I made the following transactions:

2/22:
Limit Buy ZOIP, 37 shares for $3.75 each.  Executed, total price $138.75
Limit Buy BBG, 26 shares for $5.35 each.  Executed, total price $139.10
Limit Buy BAS, 7 shares for $19.40 each.  Executed, total price $135.80
Limit Buy SGYP, 75 shares for $1.87 each.  Executed, total price $140.25
Limit Buy SGYP, 4 shares for $1.85 each.  Executed, total price $7.40 (Had a few $$ left)

Once all the trade executed on the first day, I started setting sell orders.  I set new buy orders once a sale was made.

2/23:
Limit Sell BAS, 7 shares for $19.70 each.  Executed, total price $137.90. $2.10 profit!
Limit Sell ZOIP, 37 shares for $3.85 each.  Executed, total price $142.45. $3.70 profit!
Limit Sell SGYP, 79 share for $1.92 each.
Limit Sell BBG, 26 shares for $5.45 each.
Limit Buy BAS, 7 shares for $19.40 each.  Executed, total price $135.80
Limit Sell BAS, 7 shares for $19.70 each.  Executed, total price $137.90. $2.10 profit!

Both BAS and ZOIP were drifting away from the previous buy levels.  I looked  at the others I owned and decided to triple down on SGYP.  The price of SGYP had fallen even further since I bought the first batch.  I had a chance to make some extra money on this stock.

2/23:
Market Buy SGYP, 151 shares for $1.86 each.  Total price $280.71
Limit Sell SGYP, 151 shares for $1.92 each.  There is now a total of 230 shares

I placed the limit sell order for my big swingers, too:

Limit Sell WMT, 4 shares for $100 each.
Limit Sell ROKU, 10 shares for $49.85 each.

If there is not a note of “Executed” next to the order it is still open as I write this on 2/25/2018.  Please read the subsequent posts to see if I end up making any money on those.

 

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2 thoughts on “Last Week: Website, Day Trading & Price Alerts

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