My 4th trade was the most exciting experience in my trading adventure. Although I have made more money with other stock before, this one got me amped due to the speed of the deal. $ELRA$ had some great news about an acquisition of an online lotter site to add to their online gambling arsenal. The price of the stock was relatively small, in comparison to what they were capable of doing. At the minor price of $0.0009/share, I entered this deal at the right moment. With only $150 in my account available to trade, I purchased 184K shares at a discount of $0.0008/share, ($147) investment.
As they say, hind sight is 20/20, really makes me wish I had acted faster with transfering more into the account, but that is the face value of opportunity cost. This trade has begun to explode, and as Timothy Sykes would say, went Super Nova. It had spiked roughly 300% on the day and it was a good thing that I was not home throughout the majority of the trading period. If I would not have been out goofing off with my 2 year old, I would most definately have sold waaaaaaaay to soon.
When I got home to check on the status of this trade, I had only expected it to have moved about 20%, and that was being optimistic. I had checked my email and saw that the notification I set up through my broker has fired off a message telling me that the last price for the stock was priced at 35% higher than the base price of my purchase ($0.0008). So, to my surprise, when I saw my unrealized account was at $500+ and my unrealized profits were about $300, I shouted like a school girl being crowned prom queen!
It was a great trade, it got me really excited for the soon to come opportunities and possibilities. There are other factors to understand, which will be explained in a different post. I was able to sell into the strength of the day and sell at $0.0029, netting me 262.5% profit for $ELRA$, which came to $386. Note that these are not the biggest gains, when compared to the six figure plus earners, but for the common folk who do not have a lot of financial cushion, these little gains add up in the long run.
As the old saying goes, "Rome was not built in a day," so too are the accounts of those that have typical financial responsibilities and other distractions in their daily lives. The only thing that can help is the will to study/learn the ways, have the determination to pull through the tough and good times, focus to stay on the path towards your goals and the perspective and vision to keep the goal clear and belief in acquiring it.
Just remember "no one is ready to receive anything they do not believe thay can acquire." - Napoleon Hill, Think and Grow Rich
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