Wow... three in a row?

its 1:16 now so i dont know how the day is gonna end but i finally made some money!!!!!!!
day trading though... EBAY!!!!! up 6%
made $50 on 3 trades
YAY!!!!!!!!!!!!! finally....
if this day does end up again i think tommorow is gonna be another rally...
oil isnt gonna go any higher or shouldnt anyways....
i think i wanna sell all my medium and lingterm holds tommorow
i have a feeling in the comming days or weeks the market is gonna slump and i am gonna be able to get em back at a lower price
suggestions?
:D

Another rally? I wouldn't count on it.

The market tested many resistance levels, then pulled back. I predict today will either be down or break even.

Look for opportunities not levered on the rally. They still exist.

I got LUCKY today myself. My EZM stock sold on a "trailing sell" order at 2.82.
I set a rediclous limit (re) BUY at 2.72 and it hit! :eek: BULLEYES!

If it can manage past 2.82 again I'll set another trailing stop in case it decides to fly much higher which I expect if analysts ever show up with the expected BUY or STRONG BUY rating.

Way to go man. Take that $50 and get yourself a celebratory pizza!

haha
i only had $400 in it so thats 12%
which isnt all that bad:D
and the pizza was delicious

VERY NICE!!!!!!
i bought mine at 2.76 so im still okay

Geez... and I thought I was working off slim margins. :eek: Good for you :) - and, yes, I do recognize that $0.10 on a $3.00 stock is the same as a $1.00 spread on a $30.00 stock - which I'll take any day. ;)

Just curious,. What's everybodys average winnings when we have a good bull on the big board. I don't mean on paper but actual take. :)

thats a super broad question dont ya think? Im sure most of us take our profits and dump em back into our stocks too make more profits, me, ill take a grand off the table from time too time and hit the stores or treat the lady too a night out..on a good bull run that is..

I also would not count on a rally. If you look at the DOW and the S&P 500 they are forming a Rising Wedge Pattern which is a bearish sign especially after a Bear drop in May to June. Also volume has decreased since this wedge has been forming, which is confirmation of the pattern. Volume may just be because of the summer volume slump, but it is still slumping. If this pattern continues to form look out BEAR market for as long as it took to form the wedge.

I hope the DOW breaks 11,450 and holds for a few days to break us out of this pattern.

__________________
Daniel Beatty, DVM
"It ain't how hard you hit; it's about how hard you can get hit, and keep moving forward."
- Rocky Balboa
Option Spreads - how to trade conservative credit spreads