I started the day by exiting my position at $7.87, which I had entered the day before at $7.16. I then re-entered at $7.7299 when it looked like the stock was done dropping after the open, but sold it at $7.56 when it appeared it was going to drop a lot farther. I then bought it back at $7.4599 and sold it again at $7.60 after a nice rally. I again entered at $7.4599 on a dip and closed my last position of the day on a rally up to $7.6151.

I sent an email into Dan Dicker from TheStreet asking what he thought of my blog posts and strategy, and he advised against day-trading a stock I am bullish on-suggesting that I instead maintain a long position and day trade it separately. That is what I am going to do today-using my margin account to day-trade the dips and rips (buy going long when BAC is cheap and selling when it has rallied). Each time I will book my profit by selling less shares than I bought-and keeping them in my long position-thus constantly re-investing my profit. If I have a losing trade I will then sell more off next time around to bring my margin balance back to $0.00.

I think this is a solid bankroll management strategy. It will surely require some tweaking.

At the open today the stock plunged and I got back in pre-market at $7.22 and day-traded an additional block at $7.22. I sold the day-traded portion on a breakout to $7.32 and according to plan re-invested my profit by selling only enough shares to cover what I had borrowed on margin. My position gained another 1.36% in the process and I now have a position of 12.43% of my original investment – after only two days of employing some variation of my share buying re-investment daytrading strategy.

In early trading my investment shares (all 112.43% of them) are up from $7.22 to $7.34, a solid start to this day.