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ZLC winning trade, in from low 3s, exited near 4
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Old 01-02-2009, 11:45 AM
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Default ZLC winning trade, in from low 3s, exited near 4

Here's an example of $970+ I made in recent ZLC swing trades, I'd bought in in the low 3s, and sold up near 4.0 resistance.

Note that these are for my daytrading IB account; I'm still in long 1K shares for my position/longer term account, as I think it still has upside long action left.

TRADING LESSON LEARNED:
+ Sell into whole number resistance; ZLC was up +18% when I sold it on the day; I'm looking to re-buy if it drops back down in the mid 3s, for swing trades. I told you all I was buying ZLC in size a couple of weeks ago in the email, hope anyone following it saw how well it worked!

IB account action: I made over $1K in wins today so far:



Here's the ZLC chart: I'd bought in the low 3s and sold at 3.99, near 4.0 whole number resistance. It kept going up a bit over 4, but I didn't re-buy, as I think it may drop a bit further later in the session. We'll see! I am not going to chase it, since I'm already in long 1K shares in my position accounts, still holding, as we speak. I did sell 1500 shares today from my day trading IB account to bank this win.

I cover this strategy in the premium webinar recording at http://www.DaytradingUniversity.com/...gerProfits.htm; eg if I'm
bullish long and short-term a given stock, I'll hold the position trade, while trading in and out of the day/swing account in the same stock, in a
different account (I use IB for my day trades/swings, and Fidelity for my position trading account). That solves the "I don't want to sell because
if I do it may run up without me" problem, since I'm trading it simultaneously in multiple accounts.

(posted live at 11:45 on Fri Jan 2nd):

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