02-05 & 02-06 Trading Journal

Yesterday neutral price action at the market pretty much set up for today big bounce.

SPY_Daily

As the support line and 50% fib retracement joined together, the odd of bouncing was good.

It was unfortunate for me that sellers hit $LRAD after earning announcement yesterday.  As a result, my portfolio took a step back; but with today bounce, $KNDI saved the day by taking the port back up a bit.  Despite the sell-off, I still hold a conviction on $LRAD and will continue to hold this one for the long haul.

To reduce my risk yesterday, I unloaded most of my semi-conviction stocks such as $AMRN, $ATOS, $INO, $FULL, and $GOGO to raise cash.  Since I’ll be holding $KNDI, $LRAD, $KGJI for the long haul, I needed to unload more of the others to balance my risk.

With today bounce, I added back more $CERS to bring it back to full size position.  As the year progresses, we will soon find out if $CERS’s blood cleaning system will pass the FDA iron-gate.

I also added back more of the $SEED I sold earlier to bring it back to full-size.

$CREE looked good on the chart for a strong bounce so I bought a decent size position.

cree_daily

The bounce on the chart looked solid.  Let’s see if tomorrow will take this further up or bring it back down and below.

$KNDI had a strong bounce and it took price all the way back into the middle of the consolidation range.

KNDI_daily

It was day like this that I gave up timing $KNDI.  Since I want to hold this for long haul, there is no point trying to swing trade it ’cause the chance of missing a run is always there when you are not careful.  Just take a look at the $YELP chart today,

yelp_daily

You see how after a strong gap up at the open, price continued to rally strong upward all day.  This is why I don’t swing trade $KNDI anymore.  I look forward to seeing $KNDI price action moves the way $YELP moved today.

Current holdings:

KNDI, LRAD, SEED, KGJI, CERS, CREE, TINY and 6% cash.

Notice that because of the $LRAD falling price, $KNDI is now back to being the largest position in my port.

My 2 cents.



Categories: Daily trading Journal

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