Market was struggling to stay up all day but ended up giving back a lot of ground by end of day.
After the opening range, I added to $KNDI, $AMRN, and $PACB due to strong upward momentum.
I also decided to build a position on $RVLT seeing that it didn’t go further down. I’ll be looking for a bounce here.
I bought $CREE when it took out the opening range but added a stop below the opening range; unfortunately, I was stopped out later.
Later in the day, I bought starter position on $CERS to build a position. I missed the rally from $4.50 and I don’t think I can buy it at the price again. If it does ever go back down there, I’ll definitely buy a boat load.
I spent a lot of times trading $NUGT today. I caught the near bottom when price started to bounce off $72 and took out $74 on the way up. I placed a sell stop below the intra-day low. As price continued to head higher, I added to the position. However, at price began to falter after hitting $82, I sold half of my position to lock in profit. I then placed another stop below $80 to protect the rest of my profit. My stop was hit and I was flat.
I went back in $NUGT for the 2nd time with a starter position only and a tight stop. It was to no avail since I was stopped out for a small give-back.
However, by the end of the day when $NUGT bounced off from the upper opening range, I bought back starter position to see if it will bounce. It did and I added more. By day close, I still have my position ready for tomorrow.
$LRAD and $AMRN was doing great today.
LRAD, AMRN, KNDI, PACB, NUGT, RVLT, CERS and 32% cash.
Categories: Daily trading Journal