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Tuesday, July 21, 2009

Day Trading Post #55

Okay, it's been a little while, or a long while since I last posted. Here is a brief update... I got stopped out on a bunch of positions (NCS, PCX, LEA...). I took some losses as the market came down but also I took some profit, just no as much as I would have liked. Oh well. Anyway, since then, I called out FSLR and I waited for my entry. I Started scaling in when we were breaking back above $150, and the FSLR pulled back to $139! Ouch. 139.00 was my hard stop. It never was touched. Also, since my indicators said to go long, I was a little wary about doing so since it was pulling back, but I kept adding to my position. Well, it was the right move and FSLR is moving back up.

Other than that, I am just in 4 positions currently. Besides that I am still cracking the books and studying hard so I can pass the series 7 exam. Once that is done, I will be posting a lot more!

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UPDATE:
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I decided to play the earnings on AAPL. AAPL was expected to beat earnings and I decided to go long. Chatter online was saying that it might go short, but I liked the long. I decided that since it was my first time playing earnings like this, I would take small size, so I took 15 shares initially. I was up and down during the first 3 minutes while AAPL's earnings were released and since then I added 5 shares to my position (a 33% increase in the # of shares I was holding LOL!) and I am up over $100 bucks on 20 shares.... about 5 points of profit! not too shabby!

Entry @ 4:23pm : 15 shares at $151.85
Add On @ 5:05pm: 5 shares at $1.56.95

Currently holding, may or may not hold into the open tommorow. I will post what I do later.

That is all for now!

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UPDATE
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Ok, I decided to not let greed take over! I sold out for profit in AAPL at $158.25. Total profit is $5.125. Not too shabby!

Done trading for today, and back to the books for studying!

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