Double A Penny - Step 20 - Unemployment Makes Money

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

I got into an Oil trade (UCO) yesterday, December 3rd, with the DTAMP stake. I had some money made, but wasn't sure at one point, when UCO was hitting its high of the day, whether to stay in or sell.

I decided to hold on. But an announcement came out on CNBC, proclaiming something to the affect that the White House was saying that the unemployment rate was going to stay over 10% for a awhile. The reporter Steve Liesman said it was an unprecedented announcement the day before the official unemployment report was to come out.

My roughly $100.00 profit in UCO went to a negative shortly after that as Oil dropped the rest of the day.

I held on because I felt oil still had some upside to it, eventually. Today the Non-Farms Payrolls report came out and it had dropped from 10.2% to 10.0% .

Oil (UCO) jumped up and the trade turned into a profit. I sold it at $13.09 . After that UCO tanked and is presently sitting at $12.63 and dropping. When I sold it I was sitting here feeling like I should buy SCO, which is the equivalent of shorting Oil at $13.40 and now it up to $13.95 and climbing.

This is the run down of the winning trade.

DTAMP Equities Plan Report:

12/03/09 - Buy - 300 shares of UCO @ $12.50 p/s - Total $3750.00
12/04/09 - Sold - 300 shares of UCO @ $13.09 p/s - Total $3927.00Total ($177.00) - ($18.01) Fees = ($158.99)Net Gain of (+4.22964)% in the Amount of ($158.99)

Present Stake: $3982.73

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