Market opened higher but turned negative for the rest of the day.
$ONVO could not hold its gain and price action began to slide; I immediately placed a stop at breakeven just in case. I was stopped out later. After stopping out, I did not look at it for the rest of the day.
$AMRN looked good in the morning with a strong bounce so I bought back the 50% core position; unfortunately, when the market turned negative, so did $AMRN. I dumped the 50% core I bought and waited. By the end of the day, price began to stabilize around $5.29ish so I decided to buy back the 50% core I sold earlier. Now, I’m back to 100% core looking for a bounce.
$INO had more positive preclinical result announced this morning and price took off to the $1.35ish area. I added another 10% to my position. And when price continued to hold steadfastly in the $1.38ish area, I added another 10%. $INO is now my 2nd largest position after $LRAD. $AMRN comes in 3rd after I added back my 50% core today.
$WG opened weaker so I dumped 40% of my position; but when price popped later, I bought it back. Unfortunately, price declined again when market turned negative. I did not get out again; instead I chose to take the heat to see if it would bounce to avoid jumping back and forth.
I added $ECTY to scale-in my position.
I also increased my position on $DNN by 17% due to discovery of uranium in their land.
LRAD, INO, AMRN, DNN, NCTY, WG, BIOD, ECTY, ATRS, CUTR and 19% cash.
Categories: Daily trading Journal