December 12, 2008 at 6:29 pm (day trading, luck, money, money-making, stocks)
Tags: daytrade, drys, gain, gnk, money, pld, shipping
Having a day job surely eliminates the time for you to day trade. But I should be more diligent in sharing with you news about my day trading system. I’m not yet to share it with the world so please approach it with care. I don’t have any qualms to you sitting on the sidelines and watching. Viewing is free.
I spent the last 3 days day trading shipping stocks such as DRYS and GNK. On Tuesday, I picked up 400 shares of DRYS at $10.09. By Wednesday, I sold them at $11.10 for a not so easy $390 gain. It was not so easy because I watched the stock fluctuate constantly for 2 hours, adding stress to my day.
Today, I went in on PLD. I got in late so I didn’t buy it until it surged to $7.10. After four hours, I sold half my position at $7.49. You can say I’m nervous because I have no clue what PLD does or sell. The good thing about PLD and the shipping stocks is that they pay a hefty dividend. To a day trader, it is good news because if the stock drops and you end up holding it, you will get paid a dividend for your inconvenience.
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December 9, 2008 at 6:58 pm (day trading, luck, money-making, stocks)
Sorry but I haven’t been very diligent at making any (new) money. I’ve since spent the money that I made and I’m back for more. With the market conditions, it’s really hard getting up early and signing onto my broker account. As soon as I get to the main screen, I’m turned off by all the lousy economic news. Almost enough to make me turn off my machine and go back to bed.
Today I decided to play a few stocks. My pick is DRYS and GNK. With over 53 million trades for DRYS, something is going on with this stock. I bought in at 10.22 when it was riding high then it tanked before recovering to 10.65. I sold it for a quick buck. That’s the way it is these days, I just don’t trust buying anything and sitting on it. Also for GNK, I bought in at 10.50 and when it was flying at 11.55, I sold it for another quick buck.
These aren’t big money makers but if you want a safe day trade, this is it.
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