The stop loss kicked in this morning. As of right now C is trading at $3.09. The Dow is down as investors are dumping their financials. But it's not the state of the market that's got me putting the Fun Fund on a short pause, it's that Sharebuilder sucks. See, here's how it should have gone:
I buy 30 shares of Citi at 2.95. The base cost of that was $88.50. I sell 30 shares of Citi at 3.50 the base return is $105.00, a gain of $16.50. But now we figure in the commissions: 9.95 in/9.95 out for a total of $19.90 to complete a swing. My gains fell short of that mark by $3.40 so I ended up LOSING money on a gain. Nope. No more Sharebuilder trades for me. I'll keep my IRA there for the time being, but I'm gonna be checking today on Sogotrade and if my account is active yet. If so I'll be pulling my measly $90.78 out of Sharebuilder and starting over again at Sogo where, if I had completed this swing there, I would be sitting on a gain of $10.50 instead of losing $3.70.
So here's what it looks like now:
Money Market $90.78
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