Here are my holdings as of November 7th, 2014:
|Description||Symbol||Quantity||Date Acquired||Cost Basis||Market Value|
I haven’t made any trades in the month of October. The first half of October was just baaad. It was hard to sell anything since doing so would result in a loss which I was not willing to take. The only reasonable course of action I had was to hold and wait. Fortunately the market recovers during the second half of October. I guess it was healthy for the market to have a correction, but my shares of AFL are still not out of the red yet.
I finally sold my 24 shares of DE for $87.50 a share on 11/6/2014 and netted a proceeds of $2,094.99. I used some of the money received to purchase 11 shares of AFL on 11/07/2014 for $58.89 a share (to bring my total shares of AFL up to 200). Basically I am preparing myself to sell calls when the price is right.
The cash balance in my trading account is now $1,503.21. Not sure what to do with the cash at the moment, since I think it is too little to make any meaningful trades. Guess now I would look for an opportunity to sell my shares of T.
Wow, I haven’t posted in a looong time. Nearly forgot how therapeutic writing down my thoughts can be.
My real bottom line on 11/7/2014: $16,827.21