Perfect exit in the gutter

Yesterday I mentioned how I had my eye on RDN and LCC for green.

RDN went red at the open, but LCC went green. I jumped in for 500 shares at $5.29. It spiked, then had a brief dip and went red for a little bit. I almost got shook out. I actually had an order to sell my position for a small loss but the price went below my limit order, so my order didn't execute. I canceled the order, and the price came back up.

The price ended up going all the way to $5.80. Judging from the chart on 5/22, it looked like there was resistance at $5.80. Sure enough, it looked like LCC was having a hard time going higher. I jumped out at $5.78 for a $230 profit. Good thing I jumped out, as LCC tanked immediately after I sold out of my position. In fact, it's fallen below $5 as I write this. Talk about good timing!

That is my last trade for the month, as I have a meeting this afternoon and have to see a client tomorrow morning so I won't be able to make any plays.

I'm finishing the month with my account back over the $6000 mark. I'm at $6100 now and finished up over 25% for the month. I finished with 4 winning trades in a row. Although 3 of those I didn't gain much, I'll still take a winner over a loser any day. It's nice to finish with 4 winners in a row after having a bad start to the month.

I will write a month in review blog post when I get a chance.