Day Trading Post #24

Great opening today! I predicted that the market would pop in the AM, and the sell off is a good thing for the market as well. We didn't have a a real strong pull back, which again keeps me bullish. Day trades have been interesting, and some Blackwood Glitches have cost me some profits. I have no idea why this happens all the time, but there must be something wrong with the software. I was long 200 shares of ENER and was in the money for over 50 cents, I was pleased with the trade and tried to limit out to take profits into strength before the pullback. Then, my orders weren't going through and I was recieving error messages "U R Out. ENER Not Shortable" and "U R Out. Exceed Maximum Position Size of 200." This is definitely a problem and cost me a lot of profits. When I am long a position and want to put a limit order out to sell, I am not shorting... also what's the deal with Exceeding maximum position size. Overall, I was up over $100 and only took $28 profit while I was fighting with the Blackwood Software. Those are my gripes for the day, but I guess it could be worse.

My swing trades all look good! Did you see LDK today?!?!?! Talk about a rocket! LDK shot up to $7.40, pulled back to $6.50, and then popped back up to $7.87!!! I took profits in LDK today selling into strength. Profits on LDK were $2.89 per share! Too bad I didn't take much size at all in LDK. Still, I managed to get a 62% return! I am still holding PCX and HW. HW is very strong, and I will hold until my profit target is hit or I see weakness. PCX is pulling back, but is consolodating indicating to me that it may pop up.

That's all for now, I will update later.

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Afternoon Update:

The afternoon did not go so well with my day trades. I was bullish today and was only looking for longs, and unfortunately, I got stopped out on all of my trades. My entries were based on the market, stochastics, and 3 time charts. Each time I got in, I would be in and out of the money, only to get stopped out. I am going to end my week of like this just barely being up for the week. Tommorow I'm going to paper trade until I am happy with my consistency. I will however be managing my swing trades which all look good. I am now up 16%, and am holding PCX and HW. Both stocks look strong and I am looking to take profits soon.