Friday, December 28, 2012

Trade of the day, HLF!!!


I was looking again for that huge Dead Cat Bounce today on HLF. It started out very good this morning, but it ended up having a very slow downward fade the rest of the day. Went long 400 shares a couple of minutes after it opened and got filled at 28.80. I didn’t put a profit target because I thought shorts will be covering all day since it was Friday. After the huge run-up this morning, I should have sold HLF around 10:30 ET, but got greedy and held on for higher highs that never ended up materializing. When it broke 30 a share around 2:15 ET, I just decided to sell at 29.88 for a 1.08 point gain. I swear it was heading to at least 32 dollars a share today, but I always got to keep reminding myself that, “There’s never certainty in any trade”.
If you want to see what I might be trading during market hours and interact with me during my trading days, just follow me on stocktwits or twitter @tradermike9.

4 comments:

Anonymous said...

This is the third time you played HLF and finally a good payday on it.

Anonymous said...

Hi TraderMike,
What brokerage firm do you use that lets you day trade the way you do?

TraderMike said...

LOL... You been keeping up with my blog posts. Yes, it's the third straight time I played it this week. I guess you can say, "A third time is a charm".

TraderMike said...

I use 5 different brokeages, and they all let me day-tade how I want. Ameritrade and Etrade are just a few I use.