Friday, May 21, 2010

I am 200% Long!

I went 200% long this morning after seeing one of the most powerful reversal set ups this morning. After seeing a big gap down with powerful upside reversal earlier this morning and good follow through along with reversals in the leading stocks I am tracking, I went long of APKT, CSTR and CRUS.

APKT and CRUS positions are working perfectly and I am sitting on nice profits in these positions already. CSTR on the other hand is not moving and I have no idea why. Had it not been for the PDT rule I would have exited CSTR already. However, I have already made three day trades in the past five days so my hands are tied until Monday.

Anyways those are my current positions and if the markets follow through next week I will be sitting on decent profits and looking to hold out for massive gains.

Good luck and good trading!

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