Market opened lower but fought the battle to end the day slightly positive.
$ONVO opened lower and I took a stab at picking bottom. At first, I was in the money; but was stopped out for small losses later on.
$AMRN looked strong in the morning so I bought some swing trade. Unfortunately, price action frizzled out later. since price action did not take out today low, I decided to hold on to my swing trade position for tomorrow.
I bought a small starter position on $CERS when price action looked like it was bouncing off yesterday down bar; unfortunately, price action frizzled out as well and took out yesterday low. Since the position was not large, I’ll give it more room to see what happen tomorrow.
$ECTY took me by surprise when it took a steep drop of 11%. Although it is my long-term hold, I don’t want to hold this one thru a downtrend to below $1. I prefer to sell now and buy them back below $1 if that is where the price action is going. Therefore, I sold 2/3 position to minimize risk first. Hindsightwise, I bought too much too quickly on this one knowing full well that it is going to take some time for the fundamental to take hold.
$ATRS was gaining back ground so I added a bit more.
$INO continues to head higher. Looking for it to breakout the long-term resistance soon…
LRAD, INO, AMRN, NCTY, DNN, WG, BIOD, ATRS, CERS, CUTR, ECTY and 14% cash.
Categories: Daily trading Journal