A ‘Solar’-Fun Day

As of Friday, I’m up about $242 for the day, and down about $1210 overall.

I got really lucky. I was right in my original prediction about the solar sector and making the SOLF play. However, as I mentioned, my entry was horrible and I therefore held it overnight hoping for a continuation of the uptrend. As luck would have it, the sector tanked the next day. But on Friday… wow. Look at the chart. There was a small move up in the morning followed by a dip. Next came another move up a bit higher followed by a dip, but not as low. To me, this was the confirmation I was hoping for that the stock was about to rally. And did it! At about 12:30p, it really took off. Once it got up high enough, I went conservative and took my 3% profit, exiting at $27.40. As this was a sloppy play on my part, I was happy with that. But… hehe… the stock continued to go up throughout the afternoon, reached a high of about $29.65 and closed at $28.76. So, I could’ve really made a killing, but I didn’t deserve to.

Hopefully, with more experience, I’ll get better.

CDS barely moved and CFC was down, so I opted to hold them til next week and see how it plays out. I know I have to accept the losses here, but I’m trying to cut it down as much as I can.

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