First Things First

BUILD IT, AND IT WILL COME. I have to say I was very impatient to learn how to do my own trades. But unless you can put away a couple of thousand in your account right away or manage to buy some penny stocks, you will have to wait and build it up first.

The first thing I bought was 100 shares of Lululemon Athletic Inc. (TSE:LLL). It was a very expensive first purchase - at the time the stock was at 28.60 (100 shares x 28.60 = $2,800.60) so it was a pretty big chunk of change. Plus the commission fee at the time was $28.90.

Always be aware of the commission fee, as you will be charged this buying and selling. So you have to take $60 (or what ever your fee is) off of your profits right from the top. So before you sell make sure you accounted for that difference. We were lucky in the first few months as our bank was giving a super low rate for $6.95 for trades (I realize now how cheap that was).

So back to my lulu - the reason I picked this stock is strictly personal. Which they say is the last reason why you should purchase a stock. But I look around me and EVERYONE (male and female) wears this brand. I have never gone into a Lululemon store and not seen numerous people in line holding at least 2 - 3 items. Don't even mention Christmas or sales. It's a mad house! I bet everyone of you reading this post as AT LEAST one item of Lululemon.

We can all admit those pants make your butt look awesome!

So this alone - no matter what the consensus says or how low it drops, to me it's always a good buy. I know it will go up eventually. Who doesn't want a nice looking butt?

Honestly, it is the one stock that currently I have made over $3000 on just using the old saying of "buying low and selling high". I currently am holding it and so far I am up over $800 - Hmm, yes, it is time to sell.

If there is a company out there that you truly believe in - go for it. Nothing beats a gut feeling sometimes. But the key is to not hold on too long and miss the money train.

Thats when a "stop limit" comes into play.

Monday, I will put this amazing button into action ( I wish I knew about it sooner). Send the kids off to school and put the babies down for their nap. We are going to have some fun!