Solar was HOT Thursday!

March 25-27 Update
Sold for Gain
WNC - $3105
AKNS - $1430
PLLL - $1145
KOG - $1036
HYTM - $983
CEGE - $126
COIN - $65
LVS - $46
TMR- $19
Total Gain - $7917

Thursday was a day of surging solar stocks that help make for a nice day as I bought AKNS which had been on my radar. This one was primed for takeoff. It formed a nice V at a time when the Bull was running and the sector was hot. What's not to like. In fact you could have played any number of Solar stocks such as LDK, CSUN, STP, YGE, ESLR and TAN and made good money. One of the primary conditions I look for is what sector is hot, and play that sector. It may only last a day or two, but that's all you need. So if oil is in play, play oil, financial, play financials, etc.

On this day I chose AKNS and as you can see from the chart below we had a nice volume spike over the last few days for some nice gains.

AKNS

On the Lion and in the last blog I have been really big on WNC with a chart that just simply screamed buy me. So I did with $10,000 and wish I had held all shares but took 25% off here and there for $5000 in gains and am still holding a 1000 shares that are up over 175%. Not bad for a few days work.

WNC

Another stock that brought impressive gains was PLLL which I wrote about in the last blog. This was setting up nicely on the energy and Natural Gas momo. Here again we had a hot sector, a beaten down stock in an oversold state and stochastics making the break upward. This all just means BUY! BUY! BUY! So I did and again wish I had held all for the rally but sold off in 25% blocks and one day to early. The very next day it shot up 60%! Lesson, don't get off the ship in a bull rally. Having lost more money then I care to admit for holding to long I have since learned to take what the market gives you. As one famous trader has said, I became rich by selling to early." Good advice to remember, so maybe this weekend I'll post on an experiment I'm about to tryout based on the 3% rule. A way of turning very little money into a million dollars in a set number of trades. More on this later.

The two other mentionables were another oil play in KOG which I bought at .25 and sold two thirds of at .37 for some fun. I'm still holding around 5000 shares to see if we can't get to a $1 down the road. I once owned this stock at $4 when oil was just going ballistic.

KOG

The last stock that was really fun was a pharmaceutical that gave news of a successful double blind study before the bell, HYTM.

HYTM

Alerted to this by a fellow trader I immediately jumped in at the opening at .25 with 25,000 shares. Immediately it jumped up to a very impressive gain for 30 seconds of work. This is the juice you trade for, making big percentage gains in seconds! So needless to say the last three days have been great even with over half of my money tied up in one stock FEED. But I'm almost out of the woods on this one having averaged down with more then I care to say to work my way out. So when this money is freed I'll really be able to move with bigger buys and more leverage because in Bull runs I'm using all the margin they will give me! But be careful, I got caught with $24,000 in margin money the week of the big crash....can we say stressful? lol

But with patience, perseverance and working the right stocks by either shorting or buying, you can get yourself back. I know because I lost almost everything and have since gained it all back and then some. That my friend is the reality of Day trading. Take the up's with the downs but manage risk. The lessons trading will give ya!

The Plan to Rid Toxic Assets

"You cannot fight this intervention," says one market pro. "When you start to see the market just climb after weeks and months of being sold out, you have to participate."

March 23 Update
Sold for Gain
CNO - $770
WNC - $1906
PLLL - $660
Total Gain - $3336
Holding WNC - up 39%

It's been awhile since my last posting and what better day to begin a new start! Like many of you I suffered through the last 2 months losing $25,000 on paper. I was stuck in three stocks for a LONG time. My trading was limited at best and the market has been a time to short anything and everything. With time I slowly worked my way back and have since gained $20,000 in the last 2 weeks. So today was just a brilliant day to lift the spirits and see the raging bull react to the new Toxic asset plan. No doubt the street liked it as stocks gained sharply on the news and the rally gathered even more steam after an economic report showed a surprising increase in home sales for February pushing the DOW up 7 percent!

Can you say YESSSS!

If you didnt have a good day today,then you just didn't play. Today I made several moves and missed a riduculus opportunity. I was all about looking to play PIR after the good news that they were closing stores and securing their future with financing. I was set to jumpin at anything under .30 but got caught up buting and selling some energy and insurance stocks, namely CNO, PLLL and WNC. But first PIR. Having missed the dip I was looking for at .25 I suddenly see it at .40. Thinking that this is crazy to buy in when it was up so much I just couldn't fight the momo on this one. I stayed there at .40 for a few minutes and then said to myself, this is just nuts to buy a stock up that high no matter what the momo. So I followed the statistics that said, wait for the big dip and get out now. So I sold at a wash waiting for the big dip that never came only to watch this stock go vertical. It was a beautiful thing to watch, but oh what an opportunity as it closed at .53 up over 237%

PIR - Up over 230%
Are you kidding me?

As you can see by that volume and vertical lift, this was the stock to own today! I felt, like I'm sure others did that I was chasing at these levels...who knew? Oh well, all was not lost, I mean how could you NOT make money today. So here's what took place on the Delta front. I've been BIG believer in the chart of WNC. This is an amazing set up and I've been banking that this will hit 1. then go 1.5 - 2. 3- 4 in just a few weeks. Well we caught some action AH and we hit 1.14 today for a nice $3300 gain. Check out this pretty chart.

WNC - Up over 27% and another 20% AH
WOW that's a pretty chart!

As you can see the stochastics are right, the volume is right and the turn is in the making. I've seen alot of accumulation of this stock over the past week. So I bought in 3 times at .56, .60 and .68. So I'm still a big believer in this one having sold only 25% of the stake and am holding the rest till we head back to the 2's or 3's.

Other stocks that hit my radar today were the energy sector plays such PLLL. Energy is hot again with MXC and PDO (Sold it for a gain on Friday) and the Natural Gas plays getting perky. PLLL was up 25% T0 .94 and I bought in at .80 so overall a good play so far. With energy hot I plan on holding this one, I mean look at that chart! Also keep an eye on NGAS, TMR, PINN, TGC, MXC, PDO, FPP, ROYL etc. All the energy plays are hot.

PLLL - Up over 25%

I also added some COIN and am looking at the solars again. With Obama planning a speech rhis week on energy, i can see the green sector catching some wind so I added to my LION portfolio which will be up over 1000% in just 21 days. So far so good with 100% accuracy. Stay tuned as i will be updating this more frequently now that I have workd my way out of those awful two months. But like all things, there is a season for change and these last two weeks have changed everything. Whew! back in the green bigtime again.