01-08-2014 Trading Journal

Based on the SP500, market had a neutral day today.

On the other hand, both my portfolio makes new high today; the main and other account with $PHOT.

With the free cash available after the three days settlement was over from cutting my losses on $NUGT, I chose to add more $GALE and some $CERS instead of finding a new stock.  Why?  ’cause both of these stocks were heading higher in the morning.

$GALE gapped up and never looked back.  Seeing that price took out yesterday high and took out the opening range at the same time, I put 3/4 of the available cash into $GALE to go with the momentum.

gale_5m

How would I know $GALE would keep going up after I added?  I didn’t; however, statistically speaking, a strong upward momentum tends to have a high probability of continuing.  It is simple Newton’s law of motion.  See how price bounced off the 5m 79 & 89 MA lines?  Magical, isn’t it?

I also added to $CERS today ’cause it took out $7 buck .  I’d been waiting for this to happen and it did today.

CERS_daily

Did you see how price also broke out of the previous high set in early October today?  Now that $7 is breached, it is ready to move on to $8.  I’m in the camp that there is a high probability FDA will approve $CERS’  blood purification system.

$KNDI had a wild run to the upside today and made new high before it came back down to cool off.

KNDI_daily

Today price action tells me that the market is looking for any excuse to run the price up.  There are a lot of people on the sideline waiting for any definite news to show proof of concept to run this up.  That is how I see it.  Still holding my position long and strong.

$LRAD finally bounced back up strong from the support (blue line).

LRAD_daily

Due to the fact that $LRAD is my 2nd largest position, today run up add fuel to move my portfolio to higher ground.

Today, six of my eight stocks moved up today, with $GALE leading the gain percentagewise, which allow my portfolio to reach a new level.

Current holdings:

KNDI, LRAD, GALE, CERS, KGJI, XONE, AMRN, TINY (fully speculated).

On my other acccount:

$PHOT had a “belated” monster run.

phot_daily

As I believe in the business model of $PHOT, I can only see that price can only go up and up.  With more States coming on board in coming years, $PHOT can become a force to behold if they manage it right.  With former executive from Microsoft and a stellar group of directors on board, I can only feel excited of the future prospect.  Continue to hold for $1+.

My 2 cents.



Categories: Daily trading Journal

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