Friday, December 7, 2007

Update On My Investments

So I have been happy with the progress I have made over the past couple days (which I know means nothing in the broad scheme of things). I have made about 2.8% off my investment of about $28k. This means I've made just under $800. In reality I have netted a profit of just over $500 after trade commissions. Check this out (HERE).

I expect them to take a dip next week just because I think they have to go down sometime. We'll see though. I have also started messing around with options which are especially lucrative. I lost about $200 in options today even though I only put about $4k into them. That's a pretty big dip, but in the end, I was able to stay up for the week because my stocks continued to rise. I definitely expect my options to rise as well, but who knows. I am at least thankful that my stocks haven't plummeted right away because that would have just been discouraging.

In the near future I want to try some options/stock trading strategies to see if I can get a solid return over a couple months. The strategies I'm considering mostly consist of 'covered calls' and 'conversion/reversal' (or 'reverse conversion') which sound promising although I still need to learn more.

We'll see how it goes.

Later,
Daniel

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