Double A Penny - Step 20 - South Trade

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

Since my last post, I have found ($0.25) Twenty-Five cents in change on the ground in various places, received ($25.00) as a gift from a Benefactor and got an ETF to my Internet Bank Account from an unspecified and unnamable advertising revenue source for ($106.88) .

So things with that are looking OK.

However, I am in a trade with most of the stake and that is not going so well.

At this present moment I am South (down) around (-$125.00) . I have been in the trade since 05/20/2009.

I did exactly what I did not want to do. I had been staying out of NLY because it had been floating even, going sideways for like 10 day after it had risen a good distance. I kept waiting and waiting for it to back down before I made a move, I had a very strong feeling it was going to drop. I lost my patience because I kept missing trades I knew I should have made over that ten day period and finally I decided to not hold back and just jump in. Big Mistake.

Of course, as soon as I did, it started to collapse. So I dun got stuck good.

I have decided to hold it until it either rises back to where I got in, plus a bit more to get most of the $18.00 commission, or hold it even longer for the dividend which could be estimated around (186 shares x $0.50 = $93.00) . The ex-dividend date should be around 06/26/2009 and hopefully the stock will rise again before that date.

The only problem with a hold situation is nothing much can be earned with the money during that time, slowing down possible growth of the stake.

Maybe I need a vacation from trading for awhile, so it will all work out just fine.

Present Stake: $2872.24

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

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
"For The Next Chronological Post Click Here"

Double To A Million - Step 19 - A Benefactor

How To Double Your Way To A Million In 28 StepsThe Official Blog for the "My One Million Friends" Website
Over the last several months I have been assisting someone with their finances. Basically offering financial guidance and direction in repairing, modifying and correcting all areas of the individual's financial position.

Without going into details many things were corrected and the outcome resulted in many thousands of dollars being saved from loss and much more to be spared in the future.

The individual was very grateful for my past and on going help and decided to assist DTAMP with Gifts to help in its growth. A gift of $300.00 was given today with more coming in the future.

I am very pleased that DTAMP will be benefiting in this way from the efforts that I put in recently.

Being willing to sacrifice to help others, taking the time that is necessary to make sure someone else is going to be OK, has many rewards, the least of which are financial.

But the money is nice as well. :)

Present Stake: $1600.40

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

Regards,

Xinfinitum


This Doubling Pennies 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 the money until reaching the goal of One Million dollars.

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"