Wow! What a day in the market! I was bullish coming into this week but a close of +497 on the DOW!!! Thats amazing! Also, the S&P was strong today and exploded up once we broke the major resistance at 805.
I only took one day trade today because I had other obligations this afternoon, but I was profitable. I scalped 14 cents in ERX off the 1m and 3m chart when the stochastics crossed over indicating a move up. I made my real money today through my swing trades!
My plan finally played out and EBAY filled the gap! The gap was up to $13.06, and Ebay closed at $13.06. Because I couldn't be around for the close, and had to leave around 2:30pm, I put a limit order out to sell my last 100 shares of EBAY at $13.05. According to my trading platform, I was filled 3 seconds before the close, and I am totally out of my position on EBAY for a profit of $1.90 profit. So, I made 4.2% profit on the first 100 shares I sold, and a 12% profit on the second hundred shares!
I am still holding 200 shares of PCX and 50 shares of LDK. I like both the charts on these positions and plan to hold until my profit targets are hit.
That is all for today!
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