07-10-2013 Trading Journal

Market was basically neutral all day and ended the day with a doji bar.

I  dumped the $AMRN swing trade in the morning when price action was looking to go down; however, later n the day when price action seemed to stay put in the $5.60 area instead of a waterfall price action I was expecting, I bought back some swing trade position.

$INO gapped up due to positive Phase I test result on HIV prevention.  At first, I added to the position and when share price began to drop below $1.40; I sold 50% to lock in profit.  Later in the morning when price did not go further down as I had anticipated, I bought my shares back a little bit above my selling price.  Near the end of the day, I added some more to see if price action would rally toward the close.  It did a little bit.  $INO is now my 2nd largest position after $LRAD.

I reduced further my position on $TINY giving that price action was stuck in the low $3.1x area.  I used the money to buy more $INO and $AMRN which might be more active to the upside later in the week.

I also reduced position on $CUR giving the price action could not stay above $1.70.

Current positions:

LRAD, INO, AMRN, BIOD, CLIR, ATRS, DNDN, KOOL, CUR, TINY and 8% cash.

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Categories: Daily trading Journal

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