2 Weeks of Trading, Profits, Losses and New Rules

The market has been volatile the past few weeks and I have not been able to break through the $25,000 threshold to open up a Day Trading account. But I have been able to make some progress!  More progress was made 2 weeks ago with about $1400 in gains, however, I gave back about $160 last week.  I am hoping this week will provide some good momentum to get over that $25,000 short-term target.


View all my current holdings here.  I have a few goals that I am currently working toward. The following is a quick recap:

Goal 1, $25,000 in Robinhood and E*Trade Brokerage combined.  I will consolidate the funds to E*Trade and conduct all my trading with that account.

Goal 2, $40,000 including the consolidated E*Trade account mentioned above and the cryptocurrency investments.  Once this level is reached I will become a full-time day trader earning a living off the market swings.

Goal 3, $2,500,000 all accounts combined and I will retire.

Robinhood Recap

Since opening the Robinhood account in February I have invested $2,000 into it and lost $240 as of 4/7.  The week of beginning 4/9 I began to change this.  I have been concentrating on making good trades and not concerning myself with the actual dollar figures.

On Friday 4/5 I bought 588 shares of CHK, a cheap energy stock that I thought might climb with the pending military strike in Syria.  The price was $3.07 per share I paid $1805.16 total.  On 4/10 this did not gain as much as I had anticipated.  I sold all the shares for $3.08 a small profit of $5.88, exactly one penny per share.  Although it was not a huge gain I still turned a profit.  I reminded myself to make good trades and not concern myself with actual dollars lost and gained.

4/10 I was listening to the live trading room available free at and heard that YY was starting to take off.  I bought 18 shares for $97.05 each, total cost $1,746.00.  The price quickly reversed and I sold when the price reached $96.00, a 1% loss.  This trade netted a loss of $18.00.  After a small gain and loss, I decided to take the rest of the day off.

Oil and War

4/11 The energy sector was moving up with the threat of war with Syria lurking.  I decided to find a good stock within the sector and see if I could make a profit.  Marathon Oil (MRO) seemed to fit this bill.  It had been on the upswing prior to the energy sector surge and I thought this would be stock that could bring some profits.  I made 2 trades of this stock, both netting a nice profit.

4/11 Bought 104 shares of MRO for $17.15, total cost $1,782.55.
Sold the same shares for $17.51, total sale $1,821.04.  A profit of $38.49

4/12 Bought 105 shares of MRO for $17.40, the total cost of $1,827.00
4/13 Sold the same share for $18.00 each, total sale $1,890.00.  A profit of $63

4/13 I moved the profits to a favorite stock that tends to move with the technology sector.  AMD was at a low point so I moved my profits there to hopefully profit over the weekend.
Bought 191 shares for $9.90 each, total cost was $1,890.90.
Sold the same shares for $10.08 the same day, total sale $1,925.28.  A profit of $34.38.

I ended the week with a profit of $173.09, gaining 9.8% in one week!  This was the result of making good moves and not forcing a trade when I didn’t have a good one to make.  Remember I did make a trade that lost money but I didn’t let it drag me down.

Robinhood Week Beginning 4/16

I have traded this small pharmaceutical stock from time to time as the price drops below $2.00.  The price was at $1.78 when I bought 1086 shares for a total cost of $1,933.08.  I set a limit order for $1.90.  By the end of the week, the price stagnated and had not sold.  We will see what happens next week.  I was still holding this stock at the end of the day on Friday 4/20.

E*Trade Recap

4/9 I was holding 17 shares fo NFLX which I had purchased for 290.49 each the previous week.  The price was on the rise and took the profits, I sold the shares for $298.25 each turning a total profit of $121.90.  I have traded this stock several times in the past; when the market drags it below $300 I can usually buy some and sell it closer to $300 for a profit.  As I play the market, I have begun to recognize certain patterns in certain stocks.

Still, on 4/9 I bought 515 shares of AMD for $9.72 each, total cost $5,010.75

4/10 Sold those shares for $9.80 each, total sale $5,042.44.  A profit of $31.69!
Still, on 4/10 I bought 51 shares of YY for $97.66 each total cost $4,985.69.
Sold these for $96.85 each, total sale $4,934.27.  A loss of $51.42
Bought 101 shares of MU for $49.40 each, total cost $4,994.90

4/11 Sold those shares of MU for $50.75 each, total sale $5,120.67.  A profit of $125.77!
Bought 16 shares of TSLA for $300 each, total cost $4,804.95.
I was hoping to capitalize on the bounces I have been seeing TSLA make over the past few months.  I held this position over the weekend in a swing trade that I plan to sell the following week.

4/12 Bought 30 shares of FB for $168 each, total cost $4,954.95
Bought 2,777 share of SGYP for $1.80 each, total cost $5003.55
Both these positions are swing trades I intent to sell next week.

4/13 Contributed $50 from my paycheck as I do every week.  If you have trouble saving read my post here about living like a billionaire and saving money.

E*Trade Week Beginning 4/16

4/16 I received $25.00 in dividend payment from when I owned WDC a few weeks ago.
TSLA share price had fallen since I bought it last week.  Being confident that they would recover, I bought more at the discount price.  Bought 17 shares for $289.93 each total cost $4,933.81.

4/17 Sold all 30 shares of FB for $168 each, total sale $5,034.93.  A Profit of $79.98!

4/18 I was eyeing SPOT because I have held it for a few weeks and it has seemed to putter out around $150 per share.  The price just hadn’t climbed past that threshold.   I set a limit order before the markets opened for $150 per share.  This executed when the markets opened but the price rocketed right past $150 as my sale went through.  I turned a profit of $549.89.  Had I waited until the market opened and the sold I could have sold for closer to $155 per share and increased my profit by 50%.  A new rule is listed below.

4/18 sold all the TSLA for $297 each, total sale $9,795.82.  A profit of $57.06!
Bought 554 shares of BBBY for $18.06 each, a total cost of $10,012.96.
Sold the same shares for $17.90 each, the total sale of $9.911.35.  A loss of $101.61.
I bought this stock at the wrong time.  The price quickly rebounded and moved past the price I bought at, but it was too late for me.

4/18 I tried to make another profit on the rising oil prices.
Bought 515 shares of PUMP for $19.37 each, total cost $9,981.84.
Sold those same shares for $19.17 each, total sale $9,869.44.
Bought 519 shares for $19.26 each, total cost $9,998.30.
Sold those same shares for $19.34 each, a total sale of $10,032.21.
Total loss from all these transactions was $78.49.

4/20 I contributed $50
Bought 1,000 shares of AMD for $10 each, total cost $10,004.95
Bought 2,824 additional shares of SGYP for $1.77 each, total cost $5,003.43

New Rules

From my SPOT sale, when selling a stock it is, OK to set a stop loss order before the market opens to protect profits.  I will not place limit orders until after the market opens and I have a better idea what is going on with the stock.

I will only trade a stock with one account at a time, there is no point in having two accounts and then trading the same stocks.

Trade size is increased from $5,000 to $10,000 per trade in my E*Trade account and the full amount of my Robinhood account.  The goal here is to make sure when I do make a good trade I make a good profit.  It will also limit the number of trades I can make to two at a time.  I don’t want to trade too many stocks at the same time.

Follow this Blog!

Subscribe to receive the latest blog posts and trades by email.

We won't send you spam. Unsubscribe at any time. Powered by ConvertKit

Leave a Reply

Your email address will not be published. Required fields are marked *