Double A Penny - Step 20 - DTAMP MeltDown
The disaster in Japan has caused a lot of misery for its people. A 9.0 Earthquake, 30 foot Tsunami, Ten Thousand or more people perishing, people suffering without electricity, food, water, heat and other basic essential, Nuclear reactors in a meltdown scenario, the fear of radiation spreading.
Indirectly, I have been affected by the disaster in Japan and DTAMP has as well.
I was in a trade with all the DTAMP funds in the shipping stock "EGLE" before the catastrophe in Japan and the stock dropped giving me substantial loses. I was also in personally in the stock and this was the second big drop I endured since last November. I could not risk any more with the DTAMP funds so I bailed out.
DTAMP had its own Meltdown, losing $517.11 and setting it back for the second time in two years with big stock losses.
It is very discouraging. I sold on St. Patrick's Day. There was no Green to be found only RED!!
Here is the rundown of the equities trade.
DTAMP Equities Plan Report:
03/17/11 - Sold - 1062 shares of EGLE @ $3.66 p/s - Total $3886.92
There is a long road ahead to rebuild DTAMP. Although my loss is nothing to compare with the poor victims of the disaster in Japan, I can identify, at least in a very tiny way, with the heartbreak of things being lost suddenly.
My heart and prayers go out to the people of Japan in their desperate time of need.
Present Stake:$3981.95 Motto: It is only "one" found penny. Slogan: As Simple As Finding A Penny. Theme Song: Chumbawamba - Tubthumping Regards, Xinfinitum This Double Your Way To A Million 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.
How to Double Your Way to a Million in 28 Steps
D.T.A.M.P. - Double To A Million Plan