Sold LRCX at $48.78

Sold LRCX at $48.78 for a gain of 2.91%.

Things I have learned:

1. I should have bought at the end of the day, or at the least after 3:30 PM.  I would have gotten a better entry price.
2. Sticking to the plan is essential.  Several times in the last three days I have thought of closing this position at a loss, so I could take on others that looked more promising.  In this case, being patient paid off.
3. It takes days for the trade to settle, so while I wait for the cash to be available on my account, I can research my next trade.
4. I sold with a market order when the bid was 48.80, but to my surprise, Zecco executed it at 48.78. So they don't necessarily execute a sale at the best bid. The next time, I should use a limit order.

1/12/11 UPDATE: Today LRCX is getting up over 50.20. I know it's a bit of hindsight now, but I think I should have waited to sell until more overbought conditions had developed.  The 5-day MA cross may be too premature. That was the target I had set, and I respected it, and that's cool.  But I should consider setting higher targets next time.  This could have been an almost 6% gain.