My love of adventure has always pushed me to explore avenues of making income regardless of location – some have bombed, others have produced minor results. Finally, in February of this year, I got the nerve up to dabble in the stock market. As much as I wanted to go “all in” and bet my life’s savings in hopes of a 700% return– I could see thes slot machines gushing golden coins — but my practicality got the better of me, and I started my stock trading journey with a meager purchase of 2 shares of Amazon.
Over the past few months, I’ve bought more shares of Amazon whenever it took a slight dip, usually around the $175-$180 mark. I took a leap and bought 4 shares last week when it fell from $221/share down to $180/share, trusting the stock would rebound a short time later.
Now, I don’t spend oodles of time reading the latest stock trends; I do not watch CNBC or read the Wall Street Journal — I do my research before buying into a company (well, sort of- I’m still debating what to do with the 75 shares of Sirius/XM I have that likely won’t amount to anything. Note to self: When a company has nearly 4 billion shares of stock, it probably won’t amount to much more than $3.)
Fortunately, my intuition was right and Amazon rose to $205 at Friday’s close. My trading account was in the green: I had a significant gain. And for me, that was good enough.
I sold all 9 shares of Amazon on Tuesday morning for a profit of $216.30.
**NOTE: The stupid stock went up to $215 per share by Wednesday’s closing bell – dammit.
Wall Street, don’t worry, I’m not about to quit my day job to join the chaos… but coming out ahead in the volatile markets is a small victory!