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Wednesday, June 10, 2009

Day Trading Post #47

Today is looking to be a good day! LEA is up almost a point and I'm holding some nice profits in that now. It's a little bitter sweet though because CNB is had some bad news come out and gapped down as well. So even though I've locked in profits on CNB, I am now down on the position, but not by that much!

LEA is my money maker right now and the setup looks GREAT!!! I am continuing to hold and plan to take profits soon!

As for CNB, I am holding until my stop is hit... we'll see what happens, but what I do like is that its getting into an oversold area and has the potential to turn over to the upside on the stochastics. Worst case scenario, I take a hit, but that's how trading goes. Cut your losses and let your gains run!

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