1st Trading Profit

Discussion in 'Trading' started by drobin, May 30, 2005.

  1. drobin

    drobin

    Do you remember your first trading profit? What was the security and the realized gain? :cool:
     
  2. MTE

    MTE

    Long NEM, closed for a 3.9% gain the next day. Coincidentally, that was my first trade ever - beginner's luck.:D
     
  3. j1900q

    j1900q

    Bought sunshine mining in 1982, made about 7%.
     
  4. Sashe

    Sashe

    TRF in 1996 (Templeton Russian Fund). Bought in a day at 19.50 before russian election as a "sure" thing (everyone knew Yeltsin would win). Out next day @26.50after Yeltsin victory announced . First trade in my life. 100 shares.
     
  5. rwk

    rwk

    -- Soybean meal in early 1970. It ticked higher for several days then fell sharply on a report. I closed the trade for a gain of about $115, which was less than half the max open trade profit. I was a full time student, and it seems like pretty easy money, better than honest work any day.
     
  6. ozzy

    ozzy

    She was a tall blonde, well developed for her age. Very mischeavous.

    Whoooops wrong thread sorry.

    ozzy
     
  7. LOL

     
  8. My first trade was shorting 5 ES contacts. I was up 3 points per contract, decided to buy and cover, and somehow screwed up the order. I ended up winning on the trade, but somehow Trade Station's arcane order entry system (at the time....broswer based) screwed me up.

    Kind of funny how I thought every trade was going to be a winner back then. Unrealistic expectations. Now I am much more realistic, I expect to win on nearly every single one of my trades, just not every single one.

    :D
     
  9. maxpi

    maxpi

    Litton was being sued by the Navy over problems at their shipbuilding yard, their stock was $6 and they had enough cash to pay off all their debt and expand their whole operation 30%. I bought all the way up to $13 and eventually got a personal loan against the stock at the $30 level and used it to start an electronics business that went belly up in almost no time. The guy with the stocks for collateral sold at the $50 level.
     
  10. my first trade was intc and it netted $40 :) that one however i had no idea what i was doing... i just bought a chip stock and it happened to go up.

    my first real trade where i actually had a plan going in was hgmcy, and i forgot how much i netted but it was the first time when the market did what i thought it would do.
     
    #10     May 30, 2005