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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 : )

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