C is for Cash

I bought 130 shares of Citi at $2.78 a share last week. Those shares are now worth $4+ each. I am looking to sell around $5. As of right now we have a profit of $150 after commissions are taken into account. This brings our account total well up over $500.

I plan on making a quick profit off of these financials and selling, then buying back in on a the dip. I believe the financials are having a temporary surge and will dip sometime soon. I would like to play it safe and take our profits. After this trade is completed we should be up over 100% this year, not bad. Once we get up over $1,000 we will be able to trade more consistently and trade the more expensive stocks more often.


I have also been trading on the Forex. I started out an account with $160 and have been playing around with it. I recently broke the $200 barrier as I have been learning the ropes. I recently shorted the Euro at $1.3269 and I plan on closing that short around $1.2969. I am aiming for a profit of 300 pips. I have leverage set at 50:1. My goal is to try and get the Forex and market accounts up over $1,000 before the summer is over. That way we can start to see some profits on a consistent basis. I will give more details as the trades progress.

WIWS
Disclaimer: These are not recommendations to buy or sell. Invest at your own risk. Where Is Wall St. is not responsible for your own decisions.