I have a tiny trading account that I have been dinking around with for several years, doing about 10% to 20% return a year (sometimes beating S&P500 some years losing to it). It was mostly for fun.
Until now.
There is a company I have been following for a long time, Endocyte. I think I may have posted about it a few times in threads on here.
Because they were trading near 1/3 of cash in July and August, I had been sinking a lot of money into the stock, buying and selling it for pennies in my Wells Fargo account since I get 100 free trades a year. We are talking about buying 5000 shares for $1.21 and selling them a few days later for $1.28. Small time stuff.
On September 28 I had 45,000 shares. I was overexposed, but on Sept 29 I sold off 5,000 shares I had purchased for $1.37 for $1.42. I bragged to my wife we just made $200 :-)
Monday morning we wake up and I make coffee, do my usual stock check, and do a double take. Endocyte is $2.80 a share. I flip out. I start searching what is going on and it climbs to $3.10 a share. I sell 10,000 shares, keeping 30,000. The next day Endocyte hits $6.10 a share. I sell 2000 more but this puts us past what we need for ACA MAGI so I do not sell any more. Endocyte hits a high of 6.50 this week but ends the week around 5.75. My account has $27,000 of realized gains and over $120,000 of unrealized gains. In the space of a couple of days. This was a trading account worth about $50,000 last week.
So now we are thinking maybe we should use this money to buy a rental house, even though I have been anti-rental in the past. I don't know...just excited to have such a nice week and thinking of diversifying from the stock market (most of our money is in index funds). This is sort of like found money.