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Tiki update and stock profit

October 14th, 2008 at 03:54 pm

I added $5.46 to the tiki fund today. I sold two toys on my web site and after costs, mailing, etc. that is the profit.

I also sold 100 shares of National City today for $3.00 a share. I profited $115 on that sale, after all brokerage fees are accounted for. Normally I don't hold short term, but I thought I would take a chance. And, because it was held in my IRA, I don't have to pay taxes on the profit. At least not yet. That's a wrap for today!

Posted in $20 Challenge, | 3 Comments »

3 Responses to “Tiki update and stock profit”

  1. Broken Arrow Says:
    October 14th, 2008 at 04:03 pm 1223996598
    1223996598

    If you're going to do buy-and-sell, today is a superb day to do it!

  2. thriftorama Says:
    October 14th, 2008 at 04:06 pm 1223996796
    1223996796

    Yep. I put a sell limit order on NCC last week. It hit my price today so the sale went through. Limit orders are the way to do it, but only if you are patient! You'll never miss that target price, even if the stock only hits it for a few minutes!

  3. Broken Arrow Says:
    October 14th, 2008 at 04:30 pm 1223998251
    1223998251

    I do limit buys, but the last limit sell screwwed me up. I think I'm going to stick mostly with trailing stops for selling from now on. Sometimes, I still do market orders whenever I feel that it's appropriate.

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