07-12-2013 Trading Journal

Market had another neutral day today with price action trading inside the 30min. opening range all day.

I got stop out 80% of $INO position at the open due to price action starting off the gate at the downside.  I watched it all day and decided to buy some back by close of the day when price action was able to stay above $1.20 during the day after the morning dip below it.  Basically, price action filled the gap it created this week so let’s see if next week will kick start the momentum again.

$DNDN price action was on a defensive all day and the last five days price pattern looked like it was weakening.  I might be overstaying my welcome so I sold to take small losses now.

$CUR looked strong when price action made a solid climb back to $1.70 area; thus, I decided to buy back what I had sold two days ago.  After I bought, price took out the $1.70 resistance and went higher.  I bought a bit more for strong momentum.  Let’s see if next week can carry on the upside furthermore.

Current holdings:

LRAD, INO, CLIR, ATRS, CUR, AMRN, BIOD, KOOL, TINY and 35% cash.

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Categories: Daily trading Journal

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