Day Trading Post #17

Today was uneventful. We had a nice gain in the markets in the AM, and my swing trades were looking nice. I was up on EBAY 50 cents, I go out to run some errands in the afternoon, and then get home to see that EBAY fell apart! Go figure. So, I am down slightly on the close, nothing too bad though. I'll go into more detail below on my swing trades:

Day Trades for today were uneventful. I took 2 trades and made 22 cents. I took SLG @ $11.70 this AM, was up 50 cents, had a trailing stop setup (which didn't work!!!!) and closed out for 20 cents profit. I was up as much as 60 cents while I was afk ('away from keyboard') but my trailing stop failed to execute! Oh well, I took profits, so I can't complain. Then I took another trade, ERX, at the end of the day in the last hour looking for the market to pop up for a quick scalp. Even though the stochastics were way oversold on the 3m and 5m chart, there was no real pop. The bears had the muscle and kept the market down. So, I took 2 cents profit.

Swing Trades:

Ebay - I was up 50 cents, but ended the day slightly down. Looking at the daily chart, I am definitely scaling 100 shares out next time we break the $12.00 mark since it seems like there is resistance now at the $12.00 mark. I'd love to hold until Ebay makes its way up to $13.00, but I would like to lock in profits sooner rather than later.

PCX - Today, PCX showed good strength, got just over $3.50 and then fell apart. I am thinking about potentially adding to this, but holding off for now. I like the daily chart, and things are starting to look much better.

GGC: This is my first penny play. I am up 4 cents after the close, and think that this has a little more juice left in it. I am looking for about 15 cents profit, and would like to take this off the table this week.

LDK: I have such small market exposure in this trade, I am holding on. LDK started to show some strength today but then fell apart at the end with the market. I can handle 25 shares being against though. If LDK starts to show more strenght, I may add to this position.

That's all for now!