Market was trading in a small range all day and had nothing to write home about.
There were only a few things I did today.
First, I took profit when I saw $APRI gapped up on news it was getting European approval to sell their products there. Later, I bought back shares as price retraced. Now, I will sit on this position to see where it goes.
Next, $UNXL was down in the morning so I dumped it to lock in profit; however, “protecting profit” was a better phrase since price tanked almost $2 for the day. Knowing this was a small float stock, I learned my lesson to dump it ASAP if the day opened against you when you had profit.
$TSLA opened down and I dumped my call option when price retraced enough for me to get out at breakeven. Even when price headed back up in the late morning, I chose not to participate due to increased volatility. Today gapped down pretty much was the tell tale sign for me to back off from this one.
$DNN was not acting well so I dumped it for breakeven. I gave back paper profit due to my early desire to hold for more profit; instead I ended up giving them back. It was a risk I was willing to take so I had to accept the consequence.
I’ve been watching $PACB last week and was wondering if price would correct today. Because price went up instead of going down, I decided to join the party and bought a position to hold.
$CLIR was doing fantastic today; but the portfolio net gain was reduced by the correction on $TINY and $LRAD.
AMRN, LRAD, TINY, CERS, BIOD, CLIR, APRI, PACB, YNDX, CUR, FNMA and 13% cash.
My trades were time-stamped on twitter which you can also see on the right-hand side of this blog.
Categories: Daily trading Journal