Bryan C. Fleming

Well I’m happy to report I made my first stock trade 2 days ago with Zecco.  If you recall the market was down last Tuesday.  It’s what they call a “sell off”.  I use my google home page to track a few stocks and the S&P 500 index.  I like the S&P 500 because I must see it 20 times a day as I’m opening my web-browser.  It’s also not risky like an Ebay type stock because I don’t think the entire stock market will go bankrupt.  It doesn’t seem to move around so much. I feel I have a good instinct of what it’s doing.

As I wrote about last time, I moved $500 from my ING Direct account to Zecco.  I thought “Why not buy some stocks when they’re on sale?”

I wanted to stay with the S&P 500 so I found what’s called an “index fund”.  It simply matches the S&P 500 index.  The ticker symbol is IVV (If you want to play along).

IVV was trading at $149.82 so I placed my bid of $150.00.  It was 4:23 PM.  The market was about to close.  I checked my Zecco account at 6:00 PM and my ordered showed “Queued”.  Hmm.  I guess there were no buyers.  Ok.  I worried a little, but in the morning I checked Zecco again and found I’m the owner of 2 shares of IVV for $300 even.

But why didn’t I buy 3 shares?

I figured if the market kept dropping the next day, I’d buy that third share.  But guess what?  It didn’t.  So good old IVV is at $152.92 today.  I could sell it and make a quick $6.  I’m going to wait a few more days and see what happens.  I’ll report back when I make my big sale!

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