Market had a yo-yo day but ended positive for the day.
My first order of the day was to protect my $NUGT profit. I moved the hard stop to below yesterday low and was stopped out for profit. Later in the day when price started to bounce from the low $7.2x, I started to nibble back in. By day end, I bought back the rest of my position in the low $7.3x looking for a bounce tomorrow. Today, $NUGT succeeded in filling the gap from yesterday gap-up.
$INO opened strong but failed to maintain attitude. I took the opportunity to buy some at the $1.5x for bottom-fishing. By day end, I was not stopped out and I’m still holding my position.
$CCJ looked strong in the morning when the general market was down, so I added more.
$NCTY had been on a defensive ever since I bought. After one bad event from $ECTY, I had no stomach for another one. Especially with the symbol so eerily similar due to sharing the “.CTY”. Thus, I sold the rest of my position to take my losses.
$ONVO had a correction in the morning but was strong enough to come back roaring; as a result, I bought back starter position and added more by closing time.
$PACB was holding well and steady so I decided to add more now instead of waiting for more retracement that didn’t seem to come.
I was watching $RVLT to see if price could hold above $4 by day close. It did and I bought a decent size position looking for a bounce tomorrow. I like the long-tail bar today which showed that there were buyers supporting this stock.
$AMRN made a mad-dash to the upside in the last hour and I added to my swing trade position.
LRAD, ARMN, CCJ, CLIR, NUGT, INO, UCP, PACB, RVLT, ONVO and 17% cash.
Categories: Daily trading Journal