This was another huge month for me in terms of buying and selling. My day trading plan is in full effect; however, I continue to earn dividends from my 5 core dividend growth holdings, such as Realty Income (O).
In the month of January, I made 10 stock trades. In this article I will highlight the details of each trade - showing you exactly which companies I bought and sold, AND their corresponding profit or loss. Overall, a very exciting month to begin the year.
Without further adieu, listed below is a summary of the dividends I received in my Dividend Income Portfolio and the profit (or loss) from my day trading activities for the month of January:
I only received dividends from one company this month: Realty Income (O). Given that I now only hold 5 dividend companies, my monthly distributions of dividends are going to be much smaller; something I am comfortable with as long as I can have success in active trading. Nevertheless, the details of this company's dividend distribution for January is below:
*O - $22.21
Therefore for the month of January my dividend income total was a staggering $22.21.
Day Trading Profit/Loss:
Continuing my effort to disclose my total 'earned' monthly income (excluding my retirement account), listed below are the specific details for my second month of active trading:
*1st trade: Ford (F) - $413.19 profit
*2nd trade: USNQX Mutual Fund - $111.78 profit
*3rd trade: Sirius (SIRI) - $39.76 profit
*4th trade: Ford (F) - $130.64 profit
*5th trade: Sirius (SIRI) - $89.67 profit
*6th trade: Chipotle (CMG) - $143.77 profit
*7th trade: Ford (F) - $99.97 profit
*8th trade: Sirius (SIRI) - $89.70 profit
*9th trade: Urban Outfitters (URBN) - $57.62 profit
*10th trade: I currently am, as I call it, "stuck" in a stock that is flucuating approximately 5% below my purchase price. Definitely a bad move on my part; one that if I sell, I will pay for. I have been stuck for 13 days now...unable to trade at all because of it. I was somewhat careless with my decision to enter a long position at that price, and now I may not be able to actively trade for awhile. In fact, I do not plan to trade at all until the price rises to a point where I am comfortable exiting. That said, however, it is a quality company and should rebound. (There are still several days left in January, so we'll see what happens).
To conclude this section, for the month of January my Day Trading Profit was $1,176.10.
Total Income (Day Trading and Dividends) for the month: $1,198.72
In conclusion, I have learned a decent amount this month about trading, but I still have a long way to go. Furthermore, despite the "success" I have had actively trading in December (~$600) and January (~$1100), I am still convinced that dividend growth investing is the safest, and "best," way to make it in the long run.
That's all for now. I've updated my 'Progress' Tab to reflect the amounts above. As always, I appreciate your thoughts and insight.
Thanks for reading,