Double A Penny - Step 20 - The Eagle Has Landed

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

I made the first trade of 2010 and it was mildly successful.

It could have been a lot better but I just could not wait and did not follow my plan to hold longer term.

I had been watching this Stock for awhile: Eagle Bulk Shipping Inc.(NasdaqGS: EGLE)

The stock has been swinging up and down and looked promising for a DTAMP trade. I had been waiting for it to drop to around $4.50 although I wasn't sure it would get down there.

On January 4th, 2010 the stock popped up a little and I decided to jump in. I got it at $5.25, which was higher than I really wanted it, but I had a feeling it was going to keep going at that point.

I was planning on holding it until it got up into the $6.50 - $6.75 range. But I just couldn't do it. I sold it off at $5.54 instead.

The next day it kept going up hitting a high of $5.89. :-(

A profit of $196.01 is not bad for DTAMP.

DTAMP Equities Plan Report:

01/04/10 - Buy - 738 shares of EGLE @ $5.25 p/s - Total $3874.50
01/07/10 - Sold - 738 shares of EGLE @ $5.54 p/s - Total $4088.52Total ($214.02) - ($18.01) Fees = ($196.01)Net Gain of (+5.04732)% in the Amount of ($196.01)

I finally made it over the $4000.00 mark for the first time.

Step 21 is so close I can almost taste it.

Present Stake: $4088.47

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
"For The Next Chronological Post Click Here"