Sold LDK...lol

Man, I don't know how to invest for the long term. My brain is so hard wired now for day trading. If I was going to trade LDK I wouldn't of bought it. I don't know what the hell I was thinking. I saw it making new highs pre market and got all excited.

 

I have my IRA at eTrade and since I bought it with cash from another trade (CHNG, made 20%) and it never settled I may be subject to a 90 day holding period, lol. I need to preserve what gains I've made so far if I'm going try and get it back to where it was before.

 

I'll probably buy some mutual fund or ETF for it. Something slow and steady.

 

I'm not even going to post the chart as it doesn't matter. Got out at 42.50

Bought LDK

Bought LDK for my IRA this morning. Got in at 44.50 Time frame for this guy will be 2 weeks at the most. LDk has been up huge for months now and I like how it's pulled back to the mid 40's. It's a good solid stock, I like where it's been and I like where it's going.

 

LDK- Paper Trade

Still waiting on my cash to settle in Zecco so I can get the action going. While I'm waiting I'm paper trading some stocks I see opportunities in.

 

LDK was up pre market which got my interest because most of the times LDK is up pre market it tends to keep going. Especially when the overall market is in positive territory.

 

The green line on the chart represent my entry at the time. I got in at 6.35am PST with a price of 52 a share. Set my stop at 51 which is the black line. LDK rallied upward and I sold half my shares of 100 at the bottom yellow line which is 55.35. Saw it pullback and when I noticed it seemed to bottom out just above support, I got ready to sell my second half (50) of shares. I waited it to make a move above 57.34 to break that pivot point but it never did at the time so I dumped the last 50 at 56.20 (top yellow line). For a nice sized gain for the day.