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!