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stockmktdouble (28.96)

A STOCK MARKET DOUBLE

Recs

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June 13, 2013 – Comments (0) | RELATED TICKERS: UNXL , RDN

Yesterday I began a journal to record my attempt to double $10,000 in the stock market in less than one year. The first trade was on April 18, 2013. Shorted Unxl-that one seemed too easy, unfortunately I covered after a gain of 28%. Hell, had I held on, I'd be up around 60%. Here's a link to yesterday's post if you missed it.

http://www.stockmarketdouble.com/2013/06/achieving-double-in-market.html

 

Today's update: The DOW was up about 180 and I'm short RDN.  Fortunately, RDN didn't go up today, but it didn't really go down much either. It closed at $12.86, down 2 cents. But, I'll take it. For the sake of this journey, I pray that RDN staying flat today is a good sign. That is, if a stock doesn't go higher on a big up day in the market, chances are it's headed down.

 

I am going to copy and paste this journal to several sites, http://caps.fool.com/Blogs/ViewBlog.aspx?t=01006369951257971503&month=06&year=2013

and also  http://seekingalpha.com/account/write_post_new?controller=account&publish_type=instablog

for the sake of transparency. The more witnesses the better. I see a lot of guys out there making outrageous claims but I very rarely see the trades put out there for "everybody" to see. 

Who knows, maybe there is good reason for that. I however, have no shame and if this experiment is a complete failure-at least I gave it a shot and the whole community will be my witness.

 

See the latest update below.

 

updated 6/13/13

 

Trades/Results:

Currently short 942 shares of RDN at $13.69 (6% gain)

 

Closed Trade:

4/18-shorted 262 shares of UNXL at $38.10

5/17-covered at $29.44 (29% gain)

                    

Start Date: 4/18/13

Starting Balance: $10k

Current Balance: $13,728.00

Return: 37%

Annualized Return: 241%

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