Today was a good day for me.
Market was acting weird all day with DOW going up while the SP500 going the wrong way.
I was watching $NUGT to see which way price action was going to take after Friday inside day. I wanted to go long if the high of the inside day was taken out. Well, $NUGT did open higher so I went long after waiting for a 5m bar to complete. I also went long on $ABX as well. Later, when $NUGT continued higher, I added.
I also kept a tight eye on $TSLA as well. Price went down and I waited to see if it would break below $90.00. Price action finally did so I watched the 5m bar to see if there would be further down bar with lower low. When I saw a green bar developing with price action still below $90.00, I covered my put option and banked coin. Later when price action showed a bounce in the 5m chart, I went long with a June $90 strike call option. However, when price started to act jumpy, I took my quick profit. I did another couple of call and put option day trades that ended nowhere so I stopped trading it in order not to give back profit I made. By the end of the day when price action showed a strong bounce back to $92+ level, I decided to buy back the $90 strike call option to go long.
$CERS was acting strong all morning and I found myself with no shares due to my late Friday selling to raise cash. Biting my tongue, I decided to buy back my shares at higher price this morning just so I’m back in with a position.
$BCRX was down so I decided to cut my losses when it was still small.
$AMBA was a surprise because I did not pay attention to this position. When I came back to my desk, I was surprised how far down it went. After seeing some bounce, I sold my shares to cut my losses.
By the end of the day, my gold stocks are still in the money so I hold them. $APRI corrects but since I am still in the money I hold. $TBF suffers only a tiny losses so I hold. $TINY is doing great today so my portfolio continues to inch back up.
AMRN, LRAD, TINY, TBF, APRI, DNN, ABX, CERS, NUGT and 28% cash.
The trades I made in the journal were time-stamped in twitter
Categories: Daily trading Journal