Our strategy today was to buy GE or SRS based on pre-market futures data this morning. We end up buying GE on positive data. It was an up and down day but we ended day in positive return. I think 3% return has been working well for me, however, high comission rate and ROI is not satisfactory. Moreover, with market volatility it almost feels like day trading. I work full time and I do not think day trading is good for my work.
3% Return Strategy:
- Buy a stock at weakness or strength
- Sell after 3% price increase, or 6% price drop
02 November 2009 Transactions:
- BOUGHT 200 SHARES OF GE AT $14.40
- Commission $7
02 November 2009 Positions:
80 SHARES OF TJX
200 SHARES OF GE
Account Balance:
Starting Account: $10,000
Current Account Value: $10,274
Net Gain: $274 ... 6 days
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