Market had another up day and it stayed up too!
I had been keeping an eye on $TINY, a stock I held for awhile but abandoned due to lack of motion (aka dead money). However, recent chart actions seemed to suggest some blow-up was about to happen. Therefore, I bought some starter position to keep an eye on it. If it takes off in the near future, I’ll add more.
$GOGO was going the wrong way so I placed a stop below the lower opening range. Needless to day, I was stopped out.
$INO was also down from yesterday and the daily chart looked like it was forming a bearish evening doji star pattern; so I sold my position for breakeven.
$CCJ continued the uptrend from yesterday so I bought a starter position to see if a bottom was being established.
$CYCC was looking good at the morning but price began to collapse not long afterward, I finally sold my position before giving back all my gain. At least, I got to keep some gain when I sold.
$KGJI was also correcting but I decided to hold on to this one instead of selling. I see long-term potential so I am not going to trade around this one.
Due to $KGJI big correction, my portfolio took some hit but was cushion by small gains on my other positions.
LRAD, KNDI, CERS, GALE, AMRN, KGJI, CCJ, APRI, TINY, CLIR and 21% cash.
Categories: Daily trading Journal