Recent Stock Purchases with Scottrade Free Trades
With the stock market as volatile as it can be, I decided to take advantage of stocks’ slump recently to make a few quick bucks. I had a “play account” at Zecco to make speculative stock purchase (sadly, that account is close to nothing right now), but this time I am using Scottrade instead because of all those free trades I have earned.
And again since this is totally speculative, I don’t do any research on what to buy and when to buy or sell. All I want to do is make some quick money, which means I may only hold the stock for a few days. There’s no long-term plan here.
Most of the time, I just went through my list of Chinese ADRs and bought those that were down the most at that time. To fund my purchases, I recently moved $3,000 into my Scottrade account, the first time new money being added to the account in a very long time. Since the end of October when I came back from vacation, I have made these stock purchases with Scottrade:
|Smith & Wesson Holding (SWHC)||294||$1.70||10/30/08||294||$2.75||11/11/08|
|VCA Antech (WOOF)||25||$19.76||11/04/08||25||$15.80||11/20/08|
|E-House Holdings (EJ)||160||$5.00||11/11/08||160||$6.23||12/03/08|
|E-House Holdings (EJ)||368||$4.17||11/20/08||368||$6.23||12/03/08|
|WuXi PharmaTech (WX)||500||$4.56||12/03/08||500||$6.44||12/12/08|
|Hutchison Telecom (HTX)||360||$4.27||12/04/08||N/A||N/A||N/A|
|JA Solar Holdings (JASO)||500||$2.93||12/12/08||N/A||N/A||N/A|
|Qiao Xing Mobile Comm (QXM)||620||$2.81||12/12/08||N/A||N/A||N/A|
*N/A means I am still holding the stock.
As you can see, I bought those stocks when they were “cheap,” which has nothing to do with valuation. And I only sold those shares when I could make profits. If it took a little bit longer for a stock to go up, then I held it until I saw profits.
So far, I have make about $2,200 with the $3,000 I put down (since I didn’t take the profits out, but used them to buy more stocks instead, I may lose all of them). Not a big money, but enough to buy a few Christmas gifts
If you want to have a Scottrade account, you can follow these simple steps and get 3 commission free trade at $21 value:
- Go to Scottrade;
- Use Scottrade Promotional Code KGKP0724 to open an account with $500 minimum;
- Receive 3 commission free stock trades.
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