07-02-2013 Trading Journal

Market opened neutral and proceeded to dive under water during the day; however, a late afternoon rally rendered the day neutral even though DOW was down 42 points.

$AMRN price action was behaving poorly so I had no choice but to dump my swing trade position.  As price continued to head south, I reduced my core position by 50% with the hope of buying them cheaper later in the week.

I came upon $INO and $ISIS and decided to buy a small starter position to test the water.  Price corrected after I had bought; since the positions were small, I would give it room to breath.

$TSLA had a climax run at the open but price quickly corrected.  Seeing a potential bearish candlestick in development, I bought July put option to short.  If it doesn’t follow thru tomorrow with a down day, I will cover.

$ATRS staged a late rally toward the closing bell and I joined in the rally buy adding more.

$BIOD continues to head higher so it looks good for now.

Current holdings:

LRAD, BIOD, TINY, CLIR, ATRS, AMRN, CERS, KOOL, CUR, YNDX, ISIS, INO and 19% cash.

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Categories: Daily trading Journal

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