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Friday, May 05, 2006

A Happy Day for Stock Trading

I bought 10,000 shares of Landwind Medical at 54 cents on Tuesday. Managed to sell them at 56 cents yesterday. The profit is about $140. For experts out there, this is peanuts. (btw, if you have followed our local news, you may know that peanuts can be quite expensive in Singapore :p). But it was a very pleasant experience for me, a beginner trader, cause I manage to do a range trade within 3 days! There was lots of discipline involved as it is always very tempting to wait for the stock price to rise further. I am not sure if this will happen, but I do know that it is coming to the end of the week, and next week will have interest rates news again. And I am going to get $140 deposited into my bank account soon :D

Hey, imagine it's about 2.59 % returns for an investment of about $5429 in 3 days! What we get from the bank of 3 % is an annual return! So I was quite happy when the trade was cofirmed : )

Link to Stock Wealth blog

4 Comments:

  • I have been following a site now for almost 2 years and I have found it to be both reliable and profitable. They post daily and their stock trades have been beating
    the indexes easily.

    Take a look at Wallstreetwinnersonline.com

    RickJ

    By Anonymous Anonymous, at 7:40 PM  

  • I have been following a site now for almost 2 years and I have found it to be both reliable and profitable. They post daily and their stock trades have been beating
    the indexes easily.

    Take a look at Wallstreetwinnersonline.com

    RickJ

    By Anonymous Anonymous, at 7:41 PM  

  • Good info. Thanks.

    Regards,

    ETF & Stock Trader
    elliott wave

    By Anonymous Anonymous, at 10:44 AM  

  • Got a hot tip on a stock, the company name is Vana Blue, symbol is "VBLU", check out their site at www.vanablue.com

    By Anonymous Anonymous, at 2:24 AM  

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