Market opened and screamed higher.
I daytraded the SP500 e-mini using the opening range breakout setup and it worked wonder once again.
$TSLA opened down and I was stopped out of my call option for losses. I noticed that in later hours, price action went back up but I wasn’t watching the market too closely to jump back in; so I missed the re-entry.
Meanwhile, $BIOD kept on going up and I added more when it took out yesterday high. Everything was going good until after hour news that $BIOD is filing to sell more stock. Oh well, let’s see how much I’ve to give back tomorrow.
$APRI was taking a dump today so I had no choice but to reduce position size on this to minimize risk.
$PACB did the same thing as $APRI, so I sold down my position size as well. The only difference was that I took losses on $APRI while giving back paper gain on $PACB.
$AMRN also went south in the morning, so I sold my swing trade position to reduce risk. Later when price action recovered to the positive side, I bought my swing trade position back.
I added to $LYV; however, tomorrow action may drive me to cut losses if market does not like Ben’s action.
AMRN, LRAD, TINY, BIOD, CERS, CLIR LYV, DNN, CUR, PACB, APRI, FNMA and 8% cash.
Categories: Daily trading Journal