Day Trading Video 12-19-07

Today I traded AU Optronics (AUO), Jabil Circuit (JBL), Ryland Group (RYL), Cameco Corp (CCJ), for a total gain of $24.80. I am beginning to notice that stocks which clear Fibonacci levels intraday have a greater success of going in your favor. So, I am going to draw retracement levels, just to see what is in play and maybe it will increase my win/loss ratio. I am also planning on splitting my positions up in to thirds, in order to scale out of the market when I am in a profitable trade. Check out my CCJ (last trade in the video) to see how I was able to scale out of a winner.