Trade 4.5 of 73: OUT with $1,464

Sheeeeeeeesh. Step 4 took NINE GRUELLING MONTHS! But I’m happy to say that on December 18, 2015 my goal of $1,464 has been finally met.

If you recall, back in March of 2015 I bought 100 shares of RWLK at $13.31 per share for a total of $1,331. My target price was set at $14.72, and twice in the first month the price came within a few cents of the goal. Alas, it then started sliding and continued downward for many months as I watched my investment of $1,331 decline well below $600.

It was painful, but I chose to follow my rules and waited as long as I had to.

Earlier this week, major positive news came out and the stock price surged, erasing all of my heavy losses and giving me that elusive ten percent.

You may say – twelve months into this experiment and only 4 completed steps?
At this rate, Tim, it will take you decades to get to the million. What’s the point?

Think about it this way: a year ago I had $1,000 and today I have $1,464. That’s 46% gain in one year. Most citizens of capitalist societies consider themselves lucky when they see their investments grow by 8-10% in one year. And if you take into account the fact that the S&P 500 Index has actually declined -2% in the same twelve months, our 46% growth is impressive.

But maybe it’s just beginner’s luck. Let’s see how Step 5 goes. Stay tuned.

Tim H.