Thursday, April 9, 2009

Daily Review

Learned from experience that today could be a trend day after 10am, due to huge gap up, low volume sell off. Reminds me times during pre-Christmas periods. Any how, having that in mind I wasn't able to trade much today due to other projects. I did scalp that one trade in SSO, pathetic yes just a +0.05 considering how much SSO moved. Since I wasn't able to concentrate much of the day, I took profits in HEU.TO that's Energy Bull TSX&SPY energy companies. Also I was able to get off a really nice profit in JASO that I had kept overnight. The solars were really bullish end of day yesterday due to tech breakout of LDK, I had a feeling that $$ may pile on in sympathy for other solars. I was able to book partial profit in JASO and left the other half overnight. I was able to sell this half for +0.35 right at open.

Entered in to pathetically small position in DXO at the close (couldn't get filled); banking on possibility of technical breakout in oil + any thing could happen during the long weekened. Safest thing i'd hold is either cash or oil.
Overall, a decent day. Could be better for sure. But since I had had a rough start in Apr. I thought i'd keep it slow.

No comments: