Yesterday morning a favorable report came out on Snap (SNAP). I’m not a huge fan of the company but when a nice report comes out and I like what the report says, I like to try to get a little of the stock gain in my account. In the case of Snap, when I heard the report I bought 1000 shares. This was about 24 hours ago! I bought the 1000 shares at $14.75. As of this morning the stock was up well over a $1. With the market starting down, I decided to jump out of this position and stuff my mattress a little. With the way the market’s been moving I get very nervous for a pullback. I sold the 1000 shares at $16.20 for a 1 day gain of $1.45 per share. That’s a nice $1450!
10/11/17 – Buy 1000 Shares SNAP @ $14.75
10/12/17 – Sell 1000 Shares SNAP @ $16.20
Profit +$1450
On 8/23/17 I bought 500 shares of Paypal (PYPL). I didn’t plan on keeping this stock in my trading account so I never reported this trade on Main Street beats Wall Street. I have a gift account I store stock in for future gifts to nieces, nephew and grandkids. I’ll be writing about this account soon. The stock I normally purchase as smaller lots, like 10 or 100 shares. On 8/23/17 I read a report on Paypal and I decided to buy 500 shares. I paid $60 per shares and the stock has been moving ever since. Today the stock is up to $68.65. I’m reporting it now because it’s becoming a substantial position and I might keep it in my trading account. Like I said, I’ll be writing about this gift account very soon.
8/23/17 – Buy 500 Shares PYPL @ $60.00
I’ll also let you know what I decided to do with this stock. I might sell. I might sell options against it or I might move the shares into my gift account. Stay tuned!
Steve
The Option Coach
Thanks for the tips Steve…God Bless