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Old 11-07-2006, 02:30 PM   #8 (permalink)
toasterwater
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Join Date: Nov 2006
Location: San Diego, California
Posts: 247
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Arrow 1st update

Okay... well, i guess ill kick this off the right way.
Ill start by letting you know that i live in a time zone that is 14 hours ahead of EST. That means that trading hours are from 1130pm to 6am for me. This will make things interesting .

Day one. The transaction to buy $2000 (actually $2031.16) worth of GE (General Electric) stock went through in the morning, and over the course of the trading day, it grew .71%. My GE stock is now worth $2045.66, or $14.50 more than what i bought it for. Good news. But thats the boring news, GE is my safe stock.

Toward the end of the trading day (or it might have actually been after hours... im not sure off the top of my head) I purchased 250 shares of LU (Lucent Technologies) worth a whopping $615. The stock did not change value after i bought it (this is why i think it was after hours).

After reflecting on this, I decided that $600 of my $1000 of play money was too much, so i put in several orders to fix this problem. I put in an order to sell most of that stock, and purchase several other small amounts of stock from other companies. I want to keep my risky stuff diversified, so ill leave it around $100 per venture to start.

I also decided to put an additional $1000 into my ameritrade account... this may go toward a safe stock, or into the play money, i havent decided yet.

Thats all for now, the trading day starts in 1 minute.
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