Checking in with the Questrade 90 Day Free Trading Trial Account
There are 57 days left in the Questrade 90 Day Free Trading Trial Account so here is a quick post letting you know how the stocks are performing. If you haven’t already done so, you should read the earlier posts on How Do I Actually Purchase a Stock on the Stock Market? and Questrade 90 Day Free Trading Trial – Try It! to give you some background. To recap, I purchased 100 shares at the market price of each of the companies profiled on the site to date to see how it worked and what the stocks would do over the course of the 90 days. The results as of today (as taken from the Questrade account website) are below:
The Avg price is what I bought the stock at and the Price is what I could sell it for today. The Mkt value is what I would receive in total if I sold all of that stock in that company today. So it represents what my "position" is in the company and what amount of money I could get if I sold. The Open P&L is where my profit or loss is at in the stock. Glaukos Corporation has fared the worst over the 90 days as I am down $845. You can see that I bought it for $35.22 but it is only trading at $26.77 today so that means on each share, I am down over $8 which multiplied by 100 shares that I originally purchased, means I have lost $845 at this point. I have not looked into why but perhaps the market is nervous about stiff competition in the area (recall they produced a cool health product that was a stent for glaucoma). Gildan Activewear is up the most at $383 in profit right now.
Holding stocks for most of us is a long-term game so we have to view things over the long haul and I will delve further into that this week. Also, the above is a random set of stocks I have profiled on the site and there has been no plan put in place as to what the best mix might be at this point. The exercise of opening the trial account was solely to get some experience with how the account works. I would do a great deal more research into exactly I wanted to buy in the account before doing actually buying securities in it and it may or may not be any of these stocks or in that amount. Given I have so much “free money” with this trial account, I may buy more of my top performers to see how they do over the remainder of the time period.
**Top photo courtesy of ifreestock.com at Pexels.com