Getting up at 5:30 AM, I took shower and ate a piece of sweet bread, then turned laptop on. Watching CNBC through the application of Thinkorswim managed by Ameritrade, I expected markets' rally on this Friday because futures were all pointing higher.
Because my son asked me to teach him trading during the summer break, I wanted to resume my trading to practice ahead. Staring at the price movement for Facebook for 15 minutes after the markets opened, I predicted it wouldn't drop under $117 per share, so bought a hundred shares at $117.27 per share. However, it didn't go higher enough to have me making profits, I left home at 7:45 AM.
Dropping monthly due for my rental townhouse at property management office, I drove through I-5 South and switched onto I-90 East, finally got onto I-405 South. Traffic on Friday was pretty wide open on this section of the freeway and weather was partially sunny. Lake Washington on the right hand side was marvelous.
Sliding my van into the parking lot, I noticed I had made 50 bucks on 100 shares of Facebook stocks. Should I sell it? Though it wasn't much gain, making sure the first trade after resuming trading to be a gain was essential psychologically. In addition, I didn't want to be bothered by it for the rest of the day, so I sold it at the price of $117.81. It would be proved a right action because its price would never exceed 118 and close at $117.35. Hadn't I sold it, I would have incurred the loss because of the commissions and tiny interest charge on margins.
Leaving the office at almost 5:30 PM, I hadn't encountered traffic jam before approaching kirkland. Getting out off I-405 North one exit south of my routine route, I drove back home through local drive and had done this everyday in the whole week. It was definitely a better choice. Again, the sky was kept partially sunny as it had been in the morning.
My son actually called me earlier to mention that he completed the 3rd midterm of Biology and was very happy to wrap up this quarter in 20 days. He was ready to pursue his passion from next quarter. He mentioned that he would like to pursue English major in Creative Writing. I would check out on UW's website that the acceptance into that option was pretty competitive, so he would need to provide excellent writing samples with the applications. From his voice, I could tell his happiness and anticipations. Of course, he also mentioned trading stocks.
After quick dinner, I went back to my bedroom to watch Don Lemon's show on CNN for the last half an hour. Three ladies were debating the situation of Democratic Presidential Nomination. Clinton most likely would be nominated but Sanders had kept challenging her. National polls have started showing Trump's leading position over Clinton in General Election, I don't see her having other options not to invite Sanders to be her running mate. If Sanders wants to be a Vice President, he must love Wall Street because it plays an irreplaceable role for the largest economy and Capitalism in the world.
I just updated the table of my SeaPower Index, it bumped up a little bit from yesterday but still 1.8% lower than the base I set up on 5/16. I will closely watch Costco's movements before its earning release on 25th. By the way, I still stand correct on my projection of Alaska Air's potential.
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