Today was a good day for day trades, but my executions weren't so great. I can now trade 200 shares per position and I was doing well for a bit. I was down $0.36 cents and got stopped out on JBHT. So, that put me down $72 since I had 200 shares. Then later on I took 200 shares of ERY and held if for over 2 hours. Basically I would be up 50 cents and down 30 cents, but never got stopped out. So, I put a limit order out to cover myself so that I would at least break even for the day, and I got filled pretty fast. Too bad I did because the market kept dropping and ERY just ripped straight up. If I would have held on I would have made 3 points for a profit of $600. Instead, I got out, waited, anticipated the market would pop up again, so I took 200 shares of ERX and got burned pretty bad on it. I gave ERX 50 cents to shake and it gapped down 60 cents on me for a loss of $120.

Overall, I'm not too concerned with todays trades. Days like this happen, and from what I've been told, read, and learned first hand, you need to remove all emotions from trading. When your right, your right! When your wrong, your wrong. It happens. Unfortunately, I was about an hour early when I thought the market was going to pop based on my indicators. 2 pm / 2:15 pm things started to look good on my charts, and then everything rolled over and the stochastics crossing over turned into the stochastics becoming embeded. We did have a nice close though which keeps me bullish for the week. We needed that pullback today in order for this move to continue.

My swing trades are still going well, and I am pleased with that. Last night I did some research and went over some chart setups with a friend over the phone and found a trade that I really liked. Ticker symbol HW formed a beautiful inverse head and shoulders that broke the neck line today. I took 200 shares at a price of $2.7899 and things look good. When the market popped this morning, HW jumped up to $3.40, but pulled back when the market fell off. As of now, my account is hovering around 10% up and things still look good. PCX is having some trouble breaking the $5.00 mark, and pulled back down to a low of $4.15 today, but bounced back off that low. LDK looks great, and I am still holding 50 shares. I am planning to take profits when LDK fills the gap at around $8.

Here is the chart for HW: