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.