Broke even on KSN sale (excluding brokerage), missed selling a bit higher the other day as wanted to keep holding for the 5 grander but then today gave great chance for RMX to buy lower since I sold off the other day in the 5 grander at 4.5c so too good to turn down the low 4c level.
Noticed some newer people joining and more eyes on it here so for those who hadn't seen, the purpose for my 5 grander is to continue compounding it within a 12 month period and see how far it can grow. It's first and foremost an educational tool using real money. Didn't think I'd get too much out of it as I started it to help others get started, but it's been incredibly educational for me as a trader and helped hone my trading skills both technical and fundamental.
But the 5 Grander is what each individual makes of it for themselves and takes effort to continually compound it quickly.
I also don't want to ever be in cash at any stage for the 5 grander, I don't think I have been, possibly at the very start but don't think so. I always want and do have another share/s to move into after selling something and I'll only sell if:
1. I have something else to buy right away
2. Profit targets hit
3. Technicals/Fundamentals changed on the stock, but always want a stock to be moving to
4. Another stock with great chance to move sooner comes up, so i'll sell even at a loss or profit, doesn't matter, 5 grander just needs to keep moving and compounding over time.
