April 29th 2009
Yesterday before the bell I initiated new positions ("shopping into the close") in these stocks, the majority are up in the premarket here:
BGP BYD COF DAL GGWPQ GNBT HGSI HOV JNY LVS MGM MTG NVAZ OEH SIRI SSW THC UAUA UCBH UIS ZLC
Trader activity: pull up the charts from April 28th and see why I'd enter positions in those specific stocks... usually it's either for what looks to be oversold, eg SSW, or those closing on strength (JNY), my preferred entry approach, eg buying day high closes into the close of market.

I entered close trailing stops this morning on all positions to lock in gains and minimize stop costs for all, a few (eg MTG) are down in the premarket, so I want to minimzie stops on those, and maximize gains in ones like MGM, which is up a bit.

Here's my complete IB screencap of positions I'm in - the blue is for profitable ones, the red for ones in the red:



I'm thinking about selling my MGM if it drops sub 6.0 here, it's at 6.05 at 8:44EST.

9:48 WINNER! Here's my P&L -- I'm up +$429 for the day so far. Rocking the market.



And here's the confirmations so far:



Remember - ONLY learn from people who are ACTUAL traders who can WIN and prove it like I do with actual P&L confirmations and screencaps like this. My trading challenge "Show Me The Money" movement is on -- dominating the trading industry.

TIP: I like to listen to motivational music while trading, it's fun.

3:18pm I've been closing out all positions, still in just 500 MGM (halted), all cash here for now; market definitely feels strong, but overdue for pullback/profit taking/red days, so I'll initiate smaller positions (30-100 shares) if any, into the close. I have been SELLING into strength and am increasingly skeptical about this rally able to continue for so long for upcoming days; trailing close stops on position trades and going to cash in my swing/daytrading account.
TRINs still bullish, under 1 so I'm not shorting, just closing out open longs into strength.


3:55pm EST Bought small shares in these into the close: AET BGP BKC BLUD COF ETFC GCI GGWPQ GNBT LNC RF SRZ SSW TRMPQ UCBH XL ZION ZLC
we'll see if they gap up or down tomorrow

Hopefully whatever news MGM releases isn't bk or other negative; we'll see.


Update post-market: MGM great news on financing deal coming through, likely we'll see a gap up, which I'll sell into on any sign of weakness, I'm long just 500 shares in my daytrading account from right before the halt.

MGM is going to be a hugely volatile stock (like DNDN lately) tomorrow, I'll be actively trading it throughout the day. This is gonna get good. Real fast.

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Note these are not to be construed as trading recommendations; consult with a registered investment advisor prior to making any trading decisions; by reading this you hereby agree with all terms at www.daytradingu.com/disclaim.htm and agree to not make trading decisions based on the information contained herein. These are authentic trades (not hypothetical), however note that results not typical; as I'm an very experienced trader; your trading results will vary.