So, the past few days have been uneventful for me with day trading. Yesterday I wasn't around much while the market was open so I managed to take 2 trades and was up $0.04 cents. Tuesday, I was up $0.16 cents on the day. Nothing special. My real money is being made with my swing trades!
Today, PCX gapped up!!! Finally!!! I had a GTC (good until cancelled) limit order to sell half of my position at $5.90, and I was filled at $6.28!!! Thats +2.46 for a profit of $246. Then, I had added to my position in KFT earlier this week buying 50 shares at $22.70, and another 25 shares at $22.40. My average price is at $22.77 with 175 shares. I am seeing some nice gains today. Rack has also pushed back up but I haven't added to this position. Finally, my position in HW has come against me slightly (no more than 10 cents). Looking back I should have taken profits when I was up just over a point, and then gotten back in on the pullback, but things are setting up nicely for another push up. I plan to add to my position when I see the stochastics cross over to the up side.
With that said, I am up 30% on my initial investment, and since I have been generating profit, I have added more money to my swing trading account.
As for the market, I feel that we are going to see 900 very soon on the S&P cash. Then we'll come down and fill the gap from todays monster gap up of around 30 points! Anyway, that's all I have for now! Good luck with your trading!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment