Mid-April Update (+18.2%)

I decided to make a sell-off of my Ivernia shares Mid-April. True to my predictions, once the news of the mine shutdown left the news, the stock rebounded upwards. On a large upswing day, the stock traded heavily, and so I felt it was time to move my position out, due to my rule of withdrawing when the stock is hot.

For this transaction, I gained about an 18% return over 2 weeks, making it my best trade so far. Now that I have a little more capital to work with, it should be a little easier to gain more (and lose more). At least the $10 per trade fee becomes less of an issue.

So far, it looks like the rule of investing where others are fleeing seems to be the right way to go. We'll see if that holds up long-term.

I'll update again when I invest into a new stock.