Today, I deposited $1500 into my day trading account. My plans is to double it. Last year, this would be easy to do in a day or two but the stock market is a different beast these days. Doubling it would require some concentration and luck. At worst, I would lose half of it. Lets not hope that.
The next few blogs will be about my progress and things learned.
I have been watching a stock lately on Nasdaq. It is almost considered a penny stock because of its price. I see that the low for the year was 49 cents. Today it is selling for about $1.50. When I started watching it, it was selling for $1.16. I was alittle skeptical at the time but I watched it climb to $1.25, $1.30, $1.40 and now over $1.50. If I had any guts then, I would have been close to doubling my money.
I paid dearly for the stock today at $1.50, especially when I first wanted in at $1.16. Lets see how it goes.
