Double To A Million - Step 18 - Market Reversal

How To Double Your Way To A Million In 28 StepsThe Official Blog for the "My One Million Friends" Website
I have made a second trade utilizing all the available funds from the DTAMP stake with a Mutual Fund that emulates two times the Russell 2000 Index.

This trade went fairly well as I basically got in at the lowest possible point before the Market turned. Trading a Mutual Fund has advantages and disadvantages. One disadvantage is that in order to get in you must place your order before 3:35pm EST to get filled and you must make the right choice the day before the Market is going to turn in your direction.

You cannot come in the next morning and get a position if you see things turning as you can with stocks etc.

Current Status:

Cash - $603.66
Penny Stocks - $51.00
------------------------
Total - $654.66

I made a trade using $603.64 , sometimes the Mutual Funds amounts do not match perfectly to what I am trying to get.

Buy:

Date: 08/15/2007
Quantity: 21.667 Shares
Price: $27.86
Amount: $603.64

Sold:

Date: 08/17/2007
Quantity: 21.667 Shares
Price: $30.35
Amount: $657.59

Profit: $53.95 +8.93745%

This trade lasted only two day but with the Markets being as volatile as they have lately, being in for any length of time can be dangerous and nerve wracking if you are trading short term.

What I am attempting to do is take smaller percentage gains and accumulate them over time. If there is a profit, when in doubt take it out.

I was looking for maybe 2 to 3% gain on the average each trade but this trade made +8.93745% which was outstanding.

Adding the +8.93745% with the previous +0.9956% gives a total so far of +9.93305% gain in 17 days.

This is far beyond what I had hoped and I am not expecting to continue on that rate of increase.

So far this trading attempt has yielded $59.90 towards the Double Your Way To a Million Stake.


Present Stake: $708.61

Motto: It is only "one" found penny.
Slogan: As Simple As Finding A Penny.

Regards,

Xinfinitum


This Doubling Blog is based upon the Doubling Plan "How to Double Your Way to a £Million in 28 Steps". It is an attempt to "Double Your Way to a Million" by going from one penny to one million dollars, starting from nothing. At the beginning you start by finding a penny and then double a penny until reaching $1,000,000.

How to Double Your Way to a Million in 28 Steps
D.T.A.M.P. - Double To A Million Plan
"For The Next Chronological Post Click Here"

Double To A Million - Step 18 - First Trade

How To Double Your Way To A Million In 28 StepsThe Official Blog for the "My One Million Friends" Website
Recently I moved my DTAMP stake over into a new Brokerage account in order to trade Equities other than Penny Stocks.

First, I would like to go over the distribution of all the current Doubling Stake:

Cash - $597.61
Penny Stocks - $51.00
------------------------
Total - $648.61

I made my first trade utilizing the $597.61 by purchasing a DTAMP Mutual Fund which is based upon the Russell 2000.

Buy:

Date: 07/30/2007
Quantity: 19.913 Shares
Price: $30.01
Cost: $597.61

Sold:

Date: 08/09/2007
Quantity: 19.913 Shares
Price: $30.31
Cost: $603.56

Profit: $5.95 +0.9956%

After buying the Mutual Fund, I had two opportunities to take a small profit over the following 4 days or so and then the market dropped again significantly. It began to immediately rise and on August 8th the Russell 2000 hit a short term peak.

At 3:00pm I was hovering over my keyboard ready to put in the sell signal as I was up 5.0% on the trade and was going to take it. Keep in mind that orders for this mutual fund must be in by 3:35pm to get filled that day.

At 3:00pm it started to back down fairly rapidly and as we approached my 3:35pm deadline the fall increased until the profit was up only 2.0%. I had to make a judgement call. Would the market continue to slide for the following half hour and result in a small profit or even a loss or would it stop.

By 3:30pm it didn't look good, it was continuing to drop, and I made the decision to not sell. In the hopes that it would have a small rally the next day.

After 3:35pm, too late for me to put my order in, it hit a bottom and turned going up for the rest of the time until it closed at a profit of 4.07%. I had made the wrong decision I should of sold.

I knew at that point I was tricked by the markets and made a bad decision to stay in.

The next day it opened down and at the end of the day I put in a sell order. I only ended up with around 1.0% Profit on the trade.

The day after that, which is today, the Russell has dropped further, as of this morning, which would have erased that 1.0% profit plus more.

I will be looking for a new position over the coming days.


Present Stake: $654.56

Motto: It is only "one" found penny.
Slogan: As Simple As Finding A Penny.

Regards,

Xinfinitum


This Pennies to Millions Blog is based upon the Doubling Plan "How to Double Your Way to a £Million in 28 Steps". It is an attempt to "Double Your Way to a Million" by going from one penny to one million dollars, starting from nothing. This may not show the fastest way to double your money but it will hopefully show a steady and continuous climb to reach the goal.

How to Double Your Way to a Million in 28 Steps
D.T.A.M.P. - Double To A Million Plan
"Click to Read this Blog in Chronological Order"

Double To A Million - Step 18 - 1st Anniversary

How To Double Your Way To A Million In 28 StepsThe Official Blog for the "My One Million Friends" Website
Today is my One Year Anniversary as a Doubler and the birth of the "Double To A Million Plan" (DTAMP).

I decided to begin this Experiment on August 2nd, 2006 and I feel it has moved along quite well with many things gleaned along the way. In fact, I have changed greatly over the course of this year and I believe that the DTAMP project has contributed greatly to those positive changes.

I go into my Second year with the hope that I can continue to move forward with the project. Although I do not possess the unbridled zeal and passion of my earlier Doubler days, I hope that I have gained the wisdom to slowly continue to build upon the success of this past year.

Of course not everything was successful but failure, as we know, is a large and necessary part of the process.

I continue to follow the basic premises found in "How to Double Your Way to a £Million in 28 Steps"

I will do my best to stick to the rules and try not to stray from them. There have been many times I have been tempted to do so, as doing so would have afforded me the opportunity to enlarge my "Stake" substantially. But if I did then this experiment would come to an end.

I could start another project, that didn't follow the rules precisely, but followed the Doubling concept in general just to see how that goes. I will have to think about that idea further.

In the mean time, I will continue to work on this experiment and see where my second year will bring me.

Present Stake: $648.62

Motto: It is only "one" found penny.
Slogan: As Simple As Finding A Penny.

Regards,

Xinfinitum


This Double Your Money Blog is based upon the Doubling Plan "How to Double Your Way to a £Million in 28 Steps". It is an attempt to "Double Your Way to a Million" by going from one penny to one million dollars, starting from nothing. At the beginning you start by finding a penny and then double a penny until reaching $1,000,000.

How to Double Your Way to a Million in 28 Steps
D.T.A.M.P. - Double To A Million Plan
"Click to Read this Blog in Chronological Order"