Penalty Trade: Bought 12 NYSE:DB shares at $12.32

Updated: 27 April, 2021 seen 38

On April 13, I bought additional 12 shares of Deutsche Bank (NYSE: DB) paying $12.32 per share. This trade comes as a "penalty trade" after I closed with a loss of some bad performing options contract on AAPL stock.

The idea for penalty trade is simple - always when closing some options contracts with a loss, I will double up and invest in quality stock. I must admit I have been overtrading lately and making mistakes in the stock market.

My total investment so far in NYSE:DB: 27 shares, 63, and I will start selling covered calls and try to offset some of the losses from the bad trades.

DB stock now take 0.82% from our total stock portfolio

I must admit, the outlook for this stock doesn't look bright for me, but as I have invested just in 27 shares I believe I will have a chance to invest at better prices and dollar cost average in the future.

Deutsche Bank AG is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Stock Exchange. The bank's network spans 58 countries with a large presence in Europe, the Americas, and Asia.


Hi! My name is Reinis Fischer (38), a proud dad and devoted husband. CEO and Founder of Terramatris crypto hedge fund, drone enthusiast, world traveler, photographer, and passionate lover of Georgian cuisine (vegetarian).

An ex-pat living in Georgia since 2011, I trade stocks, take photographs, work out at the gym, and many more. Here I write about travel, finance, and other things that might interest me.