I just made only my second trade of the year 2018. And both were selling shares of stock I had for a while.
The first trade, on 1/2/18, I sold 3000 of U.S.Steel for a $1200 profit. Since then I’ve been idle. I’ve been watching and looking for trades but nothing excited me. I was watching my stock holdings go up! I figured if my stocks are going up and making money I don’t have to sell options at this point. With my stocks moving, my account is up over $25,000 since 2018 opening day of 1/2/18. I can’t complain about that.
Well, I was idle until now. I still didn’t sell any options but I did jump out of some more stock. On 8/23/17 I bought 500 shares of Paypal (PYPL) at $60.00. The stock has been moving up ever since. Today when the stock went above $82 I said it might be time to take some profit. When it hit $82.10 I placed a “Stop Loss” order to sell 400 shares at $82. The stock continued up and I moved my order to $82.10, than $82.20, than $82.30. When the stock hit $82.40 it leveled off and started down a little and I was executed at $82.30. I sold 400 of my 500 shares. I bought all the shares at $60 and sold 400 shares at $82.30 and the other 100 shares I moved into my “Gift Account.” I still like the stock so I kept 100 shares for more profit and cashed out on 400 shares.
8/23/17 – Buy 500 Shares PYPL @ $60.00
1/17/18 – Sell 400 Shares PYPL @ $82.30
Profit +$8920
I know I mentioned my “Gift Account” before and I’ll be writing about it soon. Been very busy with basketball.
As I write I placed an order to sell 20 Calls on my 2000 shares of RH. I’ll let you know how that goes.
Steve
The Options Coach