Day Trading Post #14

The market ended up 3 points on the Dow and it closed at 721 today. I am still bullish for tommorow, but news may shake the market tomorrow (the mark to market issue). Regardless, today was a great day for intraday trades even though I was only limited to 100 share lots and 1 position at a time. Apple released their new Ipod Shuffle, so I decided to watch tech stocks and I focussed on RIMM. I pulled in $1.13 cents profit today which totalled $113 dollars of profit!

My trades are explained below in my chart. My gripes for today would have to be the fact that good old blackwood software decided to crash today. The server went down and it cost me 20 bucks. I got stuck in 2 trades and marketed out immediatly once the server came back up and ordres could be processed. I guess you could say 'Shit Happens' but regardless it is annoying.

The trades I got stuck in aren't even worth going over because they were momentum plays off the end of the day when the market imbalances were released. Oh well!

As for my long term trades, PCX is still holding above $3.00. Stochastics are embedded on the downside which I don't like but I still haven't hit my stop. Ebay is starting to look great! It finally came back and I was in the money a few cents at one point today. It closed 3 cents down from my entry of $11.65. Things are looking good for this trade. Finally, I bought 25 shares of LDK yesterday as a little gamble for the earnings play in case there was a gap up. Well, there was no gap up and LDK reported bad earnings. Im still holding because I have such a small position, and because the daily chart looks decent in regards to the stochastics being EXTREMELY oversold!

Here is my chart showing my trades in RIMM today. Notes about the trades are on the chart as well:



That's all for now!