Double To A Million Plan: Double A Penny - Step 20 - DTAMP MeltDown

Double To A Million Plan

Double Your Way To A Million
DTAMP
Starting with Nothing, Ending with a Million Dollars.

Author: Xinfinitum

Friday, March 18, 2011

Double A Penny - Step 20 - DTAMP MeltDown

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

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:

02/07/11 - Buy - 1062 shares of EGLE @ $4.13 p/s - Total $4386.06
03/17/11 - Sold - 1062 shares of EGLE @ $3.66 p/s - Total $3886.92

Total (-$499.14) - ($17.97) Fees = (-$517.11)
Net Gain of (-11.76584)% in the Amount of (-$517.11)

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.

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
"For The Next Chronological Post Click Here"

Labels: , , , , ,

0 Comments:

Post a Comment

Links to this post:

Create a Link

<< Home