Tag Archives: stocks

Week 3 and New Buys for Week 4

Hi guys, sorry for the late update.  I was out of town in beautiful Scottsdale, AZ, just got back to Chicago yesterday afternoon.  Wow, crazy how a couple of hours means an almost 70 degree difference in weather.  I also caught a cold which is no fun.  Anyways, last week’s numbers will have to be calculated at a different time, suffice it to say I will use the numbers from today to count as last week’s.

Account value as of close of today: $12,922.  This means a $772 gain so far this month.

So, today I sold GILD, my buy last week at a decent profit.  I bought the GILD breakout at $77.88, only 155 shares.  Today, I sold the 155 shares at $81.07.  I made a decent profit of $486.55.  Now you might be asking, doesn’t that go against your rules of holding winners and letting them run?  Well, you would be correct but I saw a much better opportunity brewing in FB.  Technically, there was really no reason to sell GILD, I just decided to move the money into a different stock.

This takes us to FB. I bought 190 shares of FB today at market, getting filled at a price of 58.2899.  Here is what I saw and why I bought:

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As you can see I am looking for a Triple Top Breakout –  we had a great move today, and it looks like this will continue, probably a runner until earnings.  Only time will tell.

I also added to my holdings in BLUE, I added 50 shares at 23.77.

Week 1 (2 days…) 2014 – Goal Portfolio Update

Hi Guys, so calculated that I need to compound a return of about 25 percent per month in order to turn this portfolio into $100K.  As a note of semantics, the account where this portfolio is located is the actual item we want to reach $100K.  I do not want to necessarily call it a “portfolio” as a portfolio does not include funds that are not invested.  So, we are referring to the account value as a total when I say I want to turn this goal portfolio into 100K. As a smart investor, there is no need to be fully invested at certain times and vice versa. Likewise, I will not always use margin, but I will use it in a strategic way when I feel necessary.

Anyway, January’s minimum goal is $3,037.50 (I will round up for simplicity).  Obviously, this presents a sort of dilemma, as we known winners should run.  So, do you book the gains at the minimum amounts or do you let your winners run?  This is a tightrope I will walk as I watch the portfolio/account progress.

This week, I could have booked gains of over $2,000 but I am letting my winners run and moving my stops up – trailing stops.  I am not employing electronic stops when I am able to monitor the action.  But, I will use electronic stops when I am unable to watch my positions (For example, when I have to go to court, etc).  Anyway here you go:

Goal: $100,000, Month 1 (January) Goal: $3,038, Account goal total: $15,188

Unrealized numbers after week 1 (2 days): $1,590, Account (remember, this number will be different than my gains etc because at any time my percentage invested is changing) : $14,395

Feel free to send feedback and share your success stories! Best of luck for the week! -Brad