12-12-2013 Trading Journal

Market had a lukewarm down day; nothing like yesterday but a down day nevertheless.

I was stopped out at the open when $NUIGT gapped down way passed my breakeven stop.  Again, I had to witness giving back all my unrealized gain on the $NUGT trade.  I sorted of nailed the bottom for a day or two with nice profit; but because I was looking for a longer term outlook on $NUGT, I was willing to risk giving back profit for a bigger pay-off.  Not this time once again.

NUGT_daily

However, looking at the daily chart above,it seems like $NUGT was bouncing off the established low around the low $25.xx.  If price takes out today high, I may go back in.  But with limited cash available, I’m debating whether to buy $WG, $CUR, or jump back in $NUGT.

$GALE traded lower after open and I decided to add to my position when price bounced off from the 89 XMA in the 5 min. chart.  Yesterday strong came back was another reason I wanted to rebuild my position on $GALE.

gale_5m

Notice that price dropped at the close.  This was due to $INSY receiving a subpoena from Office of Inspector General for sales and marketing issue.  Since $INSY is selling a competing products against $GALE’s Abstral, the drop may be misguided ’cause $GALE should benefit if $INSY products sales are being compromised from the investigation.  Let’s see how it rolls tomorrow.

$KGJI had a nice bounce off the 79 & 89 MA lines.

KGJI_daily

Notice how the 79 & 89 lines are merging together.  Did you see the bullish engulfment candlestick bar today?  Still long and strong on all my shares.

$KNDI also bounced today except that bounce was from the 15 MA line.

KNDI_daily

You can see that the price is not that far off from taking out the downtrend line.  While I have given back a nice unrealized gain from three days ago, I do not mind since the the long-term gain from this stock is far more bigger…

$CERS has finally stabilized with a  doji bar.

CERS_daily

As you can see, price is settling on the established floor around $5.7x.  Let’s see if it bounces tomorrow.

$TINY continues to head lower but my eyes are focusing only on 2014 for this stock.

Despite some price rally on $KNDI, $KGJI, $XONE,,my porfolio still suffered a minor dip due to giving back gain on $NUGT and a drop in $LRAD price.

Current holdings:

LRAD, KNDI, CERS, KGJI, XONE, GALE, TINY and 4% cash.

My 2 cents.



Categories: Daily trading Journal

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