Yeah. That’s right. Hell, it could have been $750, but I got carried away and went against a very important rule when it comes to stock trading. It was my first time, so I’m not gonna hold it against myself and instead learn from it. But either way, $500 still isn’t anything to sneeze at!
And here’s proof. See that equity value? That’s pure profit for me — the original $150 that I invested I took out, so I’m basically riding on 2370 free shares. Now mind you that I took this screenshot after extended trading hours, so my profit shows a liiiiitle bit more than $500 since the price of the shares have gone up, but I didn’t want to count that in since nothing would be set in stone (plus, I don’t have access to after hours trading). Still, I ended up selling most of my shares off for $500 as soon as the markets opened again just to be safe.
So basically, that’s $500 all for myself. I could do whatever I want with it. I could… take a vacation? Pay off a car payment?
Nah. I’m gonna throw that shit right back in.
You’ll notice that Delcath Systems (NASDAQ: DTCH) was the company in particular that I chose to invest in here. Why? Because when I originally started buying shares, they were about .018 cents a pop. I mean, how much lower could they have gone? Probably bankrupt, actually, but I had a good feelings. Plus, there seemed to be some serious bullish sentiment going on, topped off with some serious upcoming news. See, my average cost per share was actually .0342 cents, but I had bought a bunch more during a particularly steep uptick when they hit somewhere around .25 cents on Tuesday for a quick (and my first ever) day trade flip, so my average isn’t really all that reliable here.
But the point is that–wow. When the stocks were .08 cents I was so tempted to sell. I wasn’t sure it could get any better. Then it hit .11! I decided to not get my hopes up. “.13 by the end of the day, if we’re lucky,” I wrote somewhere on StockTwits on Monday. And boy, have I never been more happy to be wrong in my life–the damn stock actually hit .30 cents at it’s daily high the next day, settling around .25 before the markets closed. God bless Delcath Systems.
I’m actually expecting to see even better results over the rest of the week, but… I dunno. I’m nervous! Still, I’m hoping I can see these bad boys hit .40 cents sometime today–preferably not before a massive dip so that I can buy in again, hahaha.
Dip. Dead cat bounce. Short. Long.
My vocabulary has seriously expanded since joining StockTwits.
Anyway, just wanted to make a post to celebrate my first ever big win, and with my first time back in trading ever since I screwed myself over a couple years ago when I decided to give it a shot using TD Ameritrade! Woo!
To end this–I’ve been thinking that I might try to do, like, a 100k Robinhood challenge. I think that’d be a lot of fun, you know? Day trading my way to a 100k profit, while recording my progress via weekly blog posts and perhaps even videos? Hmm. Well, before I get too invested in that idea, I’ll need a lot more than just $500 to play around with, since I don’t have an account value anywhere near the $25k equity value it needs to be in order for unlimited day trades. So I’m gonna have to go with a straight cash account.
We’ll see.
PS: If you haven’t already and are thinking about joining Robinhood, you and I will both receive a free stock if you use my referral link here to sign up! My friend got a free share of Microsoft, which was worth about $85 at the time. Lucky bastard!
NP
Neurotic Finance 