10-22-2013 Trading Journal

Market opened higher and stayed high all day.

I didn’t do much except to add to $CCJ to round up my position size.

$NUGT took out yesterday high with a gap-up and it pretty much validated my thesis that the bottom was in.   What I like about today $NUGT action was that price kept going up after the gap-up instead of retracing back down from the gap-up point.  Price closed near the upper Bollinger band so it was a strong move.  Let’s see if there is a retracement from the Bollinger upper band tomorrow.  If not, momentum still has a lot of firepower underneath.

$KNDI gapped up but collapsed after about ten minutes.  However, it was a good thing price closed above $8.00.  I didn’t trade in and out of this one since I believe price will continue higher before the year is up.

$KGJI recovered from falling off the cliff after the gap-up.  Position unchanged.

$NCTY corrected somewhat today so I practically gave back the gain I had from yesterday.  Now, I’m at breakeven level.  Since I believe yesterday up day is the start of an upward trend, I’m holding my shares for the ride.

Despite a down day on $KNDI and $NCTY, my portfolio still ended up higher thanks to $NUGT and the minor increase of the other positions.

Current holdings:

LRAD, KNDI, CERS, AMRN, GALE, KGJI, CCJ, TINY, NUGT, APRI, NCTY, CLIR, INO and 7% cash.

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Categories: Daily trading Journal

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