07-18-2013 Trading Journal

Market opened higher and bounced around the upper band of the 20 min opening range.

$BIOD opened strong and continued on stronger.  Seeing the momo happening, I automatically added more to my position.  Although we are still waiting for trial result due in September, I will have to remind myself to reduce position size near the end of August to commensurate the risk I’m willing to take to bet on the result.

$CERS opened with a weak hand so I took the opportunity to add some more to accumulate.  Good thing price went back up after a sudden spike to the downside near the $5 support.  Let’s see if we can see $6  soon on this one.

$AMRN opened similar to $CERS but when price began to climb back up above $5.60, I added back the other half of the core position to bring my core position back to 100%.  As price continued to head higher, I added more share for the swing trade position.

Current holdings:

LRAD, AMRN, INO, CLIR, ATRS, BIOD, CERS and 28% cash.

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Categories: Daily trading Journal

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