Trade History for KO:
June 4 – Bought 50 @ $41.50/share = $2075.00
Oct 1- Bought 50 @ $37.85/share = $1892.50 (Averaged down)
Dec 4- Sold 100 @ $40.30/share= $4030.00
Gross Gain = $62.50
Less: Commission = $2.98
Net Gain = $59.52 (1.5%)
Collected Dividends:
July 1- $11.90
OCt 1- $11.90
Total Dividends: $23.80
Ever since I bought into KO, it has traded on a down trend. I was not happy with this trade from the beginning, but I did not want to sell at a loss prematurely. I held on for a few months and saw it bottom out early October at around $37.85, so I averaged down trying to climb back up from the red.
If I didn’t averaged down, I would still be at a loss…
$3967.50 is funded solely on margin, the opportunity cost was too high for me. So I decided to let this one go to lower my margin amount. I lost money on this investment due to interest payments for six months that I held it.
Currently, I still have margin on my USD stocks: COST, PCLM, LMT, V. All those stocks have a gain of 6.52%-18.52% which is performing to my standards.
The markets is shitty so far in December. Looks like a lot of traders are cashing out before the end of the year… maybe I should too before all my gains are diminished.
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