I took advantage of the market oversold condition in this week, and made $820.10 (6.83%) from one buy-sell transaction of RY. This is really nice addition towards my alternative income goal. Now, I am about $2000 short to make it to my trading income of $5000 for 2009.
Positions From last week,
None
Transactions this week,
Royal Bank of Canada, RY
Jan 27, Buy, 400 shares @ $30.00 + $9.95 commission
Total Cost: $12009.95
Jan 28, Sell, 400 shares @ $32.10 - $9.95 commission
Total Cost: $12891.95
Realized Gain: $12830.05 - $12009.95 = 820.10 (6.83%)
Trading Gain/Loss from this week: 820.10
Year-to-date Trading Profit: $3007.00