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2018-09-15
Current balance is $172.48. Our next target is $256.
I’m hesitating between doing more laptop-related transactions or else buying out-of-the-money VXX calls. I haven’t done either yet and honestly, haven’t done much of anything the last month. The VXX trade hasn’t beckoned very strongly yet. I guess I’ll just watch and wait for now. Comments and suggestions welcome.
2018-10-03
Got a notice from eBay that there were seller fees on top of the $9 that they originally took away. Like I said, this was my first non-digital sale so no real idea how this stuff works. My wife sold her Fitbit during the same month, so I’m going to guesstimate that the additional fees came to $20, so I’m reducing the total to $152.48, which is still over our latest power of two.
Neither VXX or a laptop trade has presented itself yet, so still watching and waiting.
2018-10-30
Bought three shares of TQQQ at $48.03. I expect to cross $256 sometime mid next year.
2019-01-25
Dumped the TQQQ at 44.66 after seeing these go all the way down to $30ish. Bad idea. Back to laptops I guess.
2020-02-10
Happy New Year! TQQQ is at 108.62 today. If I had held, I’d be at $324+ today.
Balance this morning was $135.01. Bought 11 shares of UVXY @ 11.49.
2020-02-24
Limit sell order for UVXY filled at $15 this morning, bringing our total balance to $174.53.
Sorry that the Coronavirus was the cause for this. Going to sit tight and see if the market goes down any lower and then maybe buy a bull ETF for the ride back up if I can get in on time.
2020-02-26
Yesterday, (2020-02-25), I did a limit buy order for TQQQ at $87 which filled. I sold this morning at $92.62. I was originally going to hold till $128 but decided against it, though that may have been a mistake.
Our total balance is now $185.76. 37% in 16 days isn’t bad.
One interesting turn of events in recent times is that brokerage firms like TD Ameritrade and Fidelity have done away with commissions. These trades would have cost me $4.95 per trade in previous times and are now free, which opens up the possibility of making much shorter-term trades with this account as long as I don’t run afoul of pattern day trading rules. To test this hypothesis, I bought 9 shares of SQQQ at $19.73. I highly doubt I can be right three times in a row, but I’m intrigued enough by this possibility to want to try it out.
2020-02-27
Sold our 9 shares of SQQQ @ $21.99. Total balance is now $206.10.
Bought 9 shares of SPCE @ $22.38.
Update: Yikes. This thing just dropped 10% before my eyes. This is definitely going to be a longer-term hold?.
Update: OMG this thing has 10% swings in minutes. I’ve never seen anything like this. I thought I had seen volatility with 3x ETFs but they’re nothing compared to this.
2020-03-02
…dumped our 9 shares of SPCE @ 25.83. Account balance is now $237.24.
I think I’m going to take my money and run. Four winning trades in a row seems a bit uncanny, and at this point, I have no idea whether the market is going to go up or down in the near term.
2020-03-11
Placed a GTC limit buy order for four shares of TQQQ @ $60. Current price is $64.79. I suspect this will fill in the next day or two (and continue to drop in the near term).
Update: Stop limit filled today. If I hold this till $128, I’ll be at $512. If this is the end of the bull market, though, that might take a long time.
Update: It looks like I was $3 short and got a margin call and had to quickly add $3 of my own money to cover this. Oopsie. I’m going to turn a blind eye to this and take the $3 back once I sell. Sorry for the fuzzy math.
2020-04-16
Sold the TQQQ @ 64.7467. Current balance is $256.78, which puts us at our next power of two after one and a half years. I could have maybe kept this in and made more money, but I’m feeling impatient.