06-12-2013 Trading Journal

Market played a joke by opening higher and then pulled a fast one by diving into the water…

There was not much I could do but to watch the correction.  I did make a few trades such as…

I picked up some $YNDX in the morning and quickly realized it was a mistake.  I placed a close stop to give it some chance but was stopped out instead.  Fine by me since I love small losses.

Next I added to $BIOD but my timing sucked since price corrected further down.  This is what happen when you don’t own a working crystal ball; thus, I learn to live with imperfect timing.

I also reduced my $DNN position by half to minimize exposure giving that price continued to head lower.

$DNDN defied gravity today by going up in the morning and stayed up all day.  I added more when it took out intra-day high.  For once, I caught a good timing by buying yesterday.  As to whether I actually call the bottom remains to be seen; I gather it may take a couple of weeks to see if price can keep climbing from here.

Giving most of my positions were going thru correction, my portfolio took a downturn accordingly.  Oh yeah, thanks to the spectacular $CLIR up move, my portfolio down move was cushion somewhat.

Current holdings:

AMRN, LRAD, TINY, BIOD, CERS, CLIR, APRI, DNDN, PACB, CUR, DNN, FNMA and 6% cash.

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Categories: Daily trading Journal

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