Monday, January 29, 2007

Step 9 - part 3

Objective: 12.80 -25.60 HRK

Starting Balance: 14.50 HRK

January 29, 2007 - Today I went to pick up two items I won on my first auction. I paid them 10.00 HRK. They were two hand made table decorations, made by crocheting. I resell them almost immediately, about two hours after buying them. I got 20.00 HRK for them. Out of that I paid 2.00 HRK (10%) to my mom as a finder's fee, because she found a buyer for me. So, my profit in my first real trading transaction for My Doubling Adventure was 8.00 HRK (20.00-10.00-2.00=8.00). In that moment my doubling balance was 22.50 HRK. Also, it is the first time I have paper money in my doubling stake (one 20.00 HRK note).

To complete this Step I did two more coin trades with my friends at work. I traded 0.50 HRK coin for 2.00 HRK coin (balance = 24.00), and 0.20 HRK coin also for 2.00 HRK (balance = 25.80). I took out 0.20 HRK as a profit of my doubling activities, and that bring my doubling balance to 25.60. BINGO! Step 9 is completed!

Step 9: Completed!

Current Balance: 25.60 HRK

4 comments:

One Green-Paper Flip said...

Awesome!

Edo said...

Thank you Flip! :)

Xinfinitum said...

Congratulations on your first transactions.

You are doing great.

Take Care,
Xinfinitum

Edo said...

Thank you X! :)