Day Trading Post #26

I haven't posted much this week because I have been busy with other business ventures, but i have been trading and paying attention to the market.

Here is my performance this week:
Monday: 2 trades, $0.32 profit for a gross total of $32
Tuesday: 1 trade, $1.20 profit for a gross total of $120
Wednesday: 2 trades, -$1.57 loss for a gross total of -$157
Thursday: 2 trades, $1.10 profit for a gross total of $110
Friday: 3 trades, -$0.45 loss for a gross total of -$45

Monday, Tuesday, and Today have been good days. Monday was slow and I barely traded because the market was moving sideways from my perspective. Tuesday was a great trade in JBHT which I had on my watchlist from DaytradingRadio. On Monday, JBHT tanked hard, so Tuesday I checked it out anticipating a retracement and caught $1.20 on it. I took the trade at 10amish and held until 2pmish. It made my day very easy. Today, I took ATVI (activision) long on a volume alert and grabed 20 cents off of it. Then noticing that the technology sector was doing well (seemed to be leading the market today from what I saw), I checked out RIMM and took it long. The 3m, 5m, 15m, and E-Minis charts and stochastics were in my favor so I held for a long time. Once I saw hesitation at the $49.00 mark, I took profits only to watch it melt up another 40 cents. Oh well! I kind of wish I took RIMM in my swing trading account because after the close RIMM released earning I believe and it shot up $7.00!!!

Wednesday was my only down day, and I had taken a trade in SWN, was up $0.90 cents in it, and then got caught by the oil number and watched as SWN pulled back to my entry where I got out for a profit of $0.02 cents. I guess you can say I was like a deer in the headlights when it came down that quickly on me. So, I decided to take ERY long when I saw the oil and nat gas sector reversing. Once I went long, the oil stocks retraced and continued on their way up, and I was immediatly out of the money over a point in ERY. Friday, I traded ABT anticipating a move up as the market was popping and got stopped out twice. ABT just fell apart. I took another trade for a small loss and stopped trading for the rest of the day.

My swing trades are coming back after gapping down this Monday. HW and PCX didn't move much today, but are setting up for a push up tommorow (I think). I am continuing to hold and I am still in the money on these two trades. Things look good!