Double A Penny - Step 20 - Tis The Season

How To Double Your Way To A Million In 28 StepsDTAMP - Double To A Million Plan Blog

To Take A Beating. Bah! Humbug!

Oil spent most of the month coming down and so did the DTAMP stake. Almost every move I made this month with trading was bad. When you make one mistake, it is as if you get out of sync and everything you do after that just compounds on the mistake with additional ones.

It is hard to walk away but under those circumstances that is what you must do. I didn't.

In my last post I talked about wanting to get into SCO and not doing it. My gut said to do it. I disobeyed. SCO went up a long ways. I kept on trying to trade UCO even though my Inner Voice was saying walk away for a while. My outer voice (My Wife), was saying the same thing.

Did I listen...Noooo. When one gets into this state, it is almost like drowning. You are supposed to be calm, but instead you thrash around, taking down the person who is there to help you. Every trade I got into was just thrashing around. I needed to be still and calm, listen to the inner voice and not trade.

But I didn't do what I was supposed to and the DTAMP stake drowned in losses.

Here is the outcome and it was ugly:

DTAMP Equities Plan Report:

12/07/09 - Buy - 328 shares of UCO @ $11.999 p/s - Total $3935.67
12/08/09 - Sold - 328 shares of UCO @ $11.591 p/s - Total $3801.84Total (-$133.82) - ($18.00) Fees = (-$151.82)Net Gain of (-3.84879)% in the Amount of (-$151.82)

12/10/09 - Buy - 352 shares of UCO @ $10.789 p/s - Total $3797.73
12/10/09 - Sold - 352 shares of UCO @ $10.711 p/s - Total $3770.27Total (-$27.46) - ($18.00) Fees = (-$45.46)Net Gain of (-1.19422)% in the Amount of (-$45.46)

12/14/09 - Buy - 348 shares of UCO @ $10.769 p/s - Total $3747.61
12/15/09 - Sold - 348 shares of UCO @ $10.85 p/s - Total $3775.80Total ($28.19) - ($18.00) Fees = ($10.19)Net Gain of (+0.27126)% in the Amount of ($10.19)

Present Stake: $3795.64

Motto: It is only "one" found penny.
Slogan: As Simple As Finding A Penny.
Theme Song: Chumbawamba - Tubthumping

Regards,

Xinfinitum



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

Double Your Way To A Million
How to Double Your Way to a Million in 28 Steps
D.T.A.M.P. - Double To A Million Plan
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