Tripled in value in one month!

It's been exactly one month today that I started my fake portfolio, and it now has tripled in value! I started out with $10,000 and as of today it's now worth $30,604! So far that proves that I could live off of the income generated from day trading, at least so far anyhow. If only I had an extra $10,000 set aside that I could afford to play with. Maybe one of my contest entries will win me some money that I can use?

Save A Blade

I have always hated the fact that replacement shaving blades cost so much (the one I use is about $15 for ten of them, and I've seen other brands that are twice as much!) and I also love the shave I get out of a fresh new blade, so after seeing Save A Blade on TV I just had to buy one and give it a try! I just got it yesterday, and the instructions say it works best if you start using it on a new blade, as it does a better job of "honing" fresh blades and keeping them fresh as opposed to sharpening old dull ones. Since the blade I had in my shaver was already a week old, I started off with a brand new blade this morning and will use the Save A Blade on it every day and see how long this blade lasts for me. I normally change my blade once a week (but the last 2-3 shaves aren't anywhere near as good as the first few) so I'll be extremely happy if I get 200 shaves out of it! (although honestly, even if I got 40 or 50 shaves out of it, I would still be happy and would still save a ton of money) I'll let you guys know what I discover! I'm using it with a Gillette Sensor Excel by the way. Also, if you order one online, don't bother paying extra for expedited shipping (they say without that extra cost shipping it could take many weeks to arrive) because mine still arrived in just 4 business days even with the standard shipping method (although it helps that I live in Mississauga and the warehouse they shipped it from is in Mississauga)

Almost a millionaire!

One of these days I know I'm going to win big in the lottery, but this morning I came kinda close to winning the $26 million jackpot in Lotto 649. Just take a look at my numbers versus the numbers that were drawn and you can see I got 3 of them and the 3 others were only off by a slight amount:

6 10 24 28 31 46
6 11 24 28 30 44


So close but yet so far! I win $10 for getting 3 out of 6. Nobody won that $26 million jackpot so that means Saturday it will be $40 million! I sure would love to win that! I definitely wouldn't need to find another job with that kind of money in the bank! :)

I wish it were real money!

I started this fake portfolio on April 28th with $10,000 and as of today I've now more than doubled it's value! As of right now my portfolio value is $22,098! I got lucky with the stock I chose yesterday, as I bought it at $1.02 per share and sold it this morning at $1.31 (I should've sold it when it hit $1.45 but I thought it was going to keep climbing) My new practice of holding onto stocks a little bit longer seems to be the ticket, as I'm making a lot more money this way than I was when I only held onto a stock for a few minutes or an hour or two. I've heard that real day traders avoid doing any trading on a Friday before long weekend, so since this weekend is a long weekend here I think I'll take that advice. So I will choose one more stock today and hold onto it until Thursday afternoon and then take a break. If I were doing this for real I'd be pretty happy with the $7,141 in profit from this week already! I wonder how long it will take me to triple my portfolio's value now?

Hindsight is 20/20

The other day I got an email from one of these financial sites that claims to know all the hot stock tips for penny stocks, and so I decided to track this stock for a few days to see exactly how accurate they were. It turns out this stock tip was spot on! When they emailed me the tip that stock was only selling at 26 cents per share, but at the end of just one trading day it went from 26 cents to $1.16! And after one more trading session it's up to $1.55 now! (at one point it was up to almost $2!) Incredible! Of course, it could've just as easily tanked, which is why penny stocks can be so volatile, but just think, if someone listened to this special stock tip and invested $50,000 into it, they could've turned that into almost $300,000, and in just two days! And it's possible this stock hasn't even peaked yet and could double in value yet again.

My own fake portfolio had a pretty good week, mostly due to one choice I made which really skyrocketed in value (I bought it at $1.02 and later that same day sold it at $1.34) I had $9989 in my account on Monday morning and by Friday afternoon it was up to $14730. Almost a 50% jump in value in one week! Nice! Too bad it's not real money! :(

Fake portfolio update

So I decided to scrap my first fake portfolio, as I realized I was doing two things wrong that skew the results. For one I wasn't factoring in the cost of the trades, as they are going to be about $20 for each complete trade ($10 to buy and then $10 to sell) and I also didn't know about the difference between the bid and ask price, so that was making my gains look bigger than they really would be. So I started a brand new one and this time it's more realistic as to what would happen in the real stock market. After 3 days I'm hovering around the break even point still. I could've been up a lot more if I had hung onto a few of my stocks longer, as some of the ones I had "bought" ended up going up considerably more after I sold them, but I ended up getting out of them way too soon. That's ok, this practice will help me if I ever did decide to get into the market. And on that subject, it's highly doubtful I would ever try to make a living at day trading, it's just far too risky. The only way I could possibly even consider it would be if perhaps I won a small sum of money like $50,000, and then I might consider using $10,000 of it to play the market. But even then it's still kinda risky, and I'm not sure I've got the stones to handle the possible losses! But for now, I'm having fun playing with my fake portfolio :)