Tracking My Recent Stock Purchases--#GOOG,NVDA,RGTI

 I've recently made several stock purchases in my individual and Roth IRA accounts. Keeping a detailed log of these transactions is essential for managing my investments effectively. Here’s a breakdown of the stocks I've acquired this January:

Alphabet (GOOG): Betting on the Search Giant

I've always been impressed by Alphabet's dominance in the search engine market and its innovative ventures. This week, I made three separate purchases of GOOG:

1. On January 13, I bought 0.13114 shares at $190.63 per share.
2. On January 14, I made two more purchases: 0.35352 shares at $192.35 and 0.30139 shares at $192.44.

In total, I've invested $151 in GOOG, acquiring 0.78605 shares. The slight price increase over these two days shows the stock's current positive momentum.

NVIDIA (NVDA): Riding the AI Wave

NVIDIA has been at the forefront of the AI revolution, and I wanted to get in on the action. My NVDA purchases were:

1. On January 7, I bought 1.36064 shares at $142.41 per share.
2. On January 10, I added 1.47743 shares at $135.37.
3. On January 14, I made a small additional purchase of 0.07384 shares at $135.42.

My total investment in NVDA stands at $403.77 for 2.91191 shares. The price drop between my first and second purchases allowed me to average down my cost basis.

Rigetti Computing (RGTI): A Quantum Leap

In a slightly more speculative move, I decided to invest in Rigetti Computing, a company at the cutting edge of quantum computing. On January 7, I purchased 8.08758 shares at $17.93 per share, totaling $144.97. This investment was made through my Roth IRA, potentially allowing for tax-free growth.

Reflections on My Strategy

1. Diversification: By investing in three different companies within the tech sector, I'm spreading my risk while still focusing on an industry I believe in.
2. Dollar-Cost Averaging: My multiple purchases of GOOG and NVDA over different days demonstrate a dollar-cost averaging approach, which can help mitigate the impact of market volatility.
3. Long-Term Outlook: These investments are made with a long-term perspective. I'm particularly excited about the potential of AI and quantum computing to shape our future.
4. Fractional Shares: This approach has allowed me to invest in high-priced stocks like GOOG and NVDA without needing to commit to full shares.

As always, it's important to remember that investing carries risks, and past performance doesn't guarantee future results.What are your thoughts on these tech stocks? Are you also exploring fractional share investing?

Turning $29 into $520: My Profitable GOOGL Call Trade

Recently, I made a profitable  trade on the GOOGL $190 Call (exp. 12/20/2024). Here's the breakdown:

• Entry: On 11/25/2024, I purchased 1 contract for $0.29 ($29 total).
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• Exit: On 12/16/2024, I sold the contract for $5.20 ($520 total).
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This resulted in a net profit of $490.94, an impressive return of ~1600% in under three weeks.

Why It Worked

1. Strategic Entry: I entered the trade at a low premium, capitalizing on favorable market conditions.
2. Momentum Timing: As GOOGL's price moved closer to the strike, the contract’s value soared, allowing me to sell at the peak.
3. Disciplined Exit: Instead of holding for even more potential gains, I locked in profits, staying true to my risk management strategy.

Lessons Learned

• Small investments can yield significant returns if you identify the right opportunities.
• Timing matters, but having a clear exit strategy is crucial for maximizing profits.
• Always manage risk—profit is only realized when you close the trade.

This trade exemplifies the potential of options trading when you combine research, strategy, and discipline. Looking ahead, I’m eager to find similar opportunities.

What trades have you recently closed with success? Let’s share and grow together in the comments!