03-19-2014 Trading Journal

The market came out for air yesterday and decided to dive back into the water today.

SPY_Daily

Back into the consolidation range as the chart above clearly shows.

This turnaround, no doubt, brought my stocks to correct as well.

$SEED began the day strong by trading over $3.00; but price couldn’t handle the ensuing downdraft.

seed_daily

Good thing is that price bounced off from the support. Nevertheless, today spike up to $3 is quite encouraging.

At first, I sold some $KGJI to reduce my exposure and use the proceed to add more $SVA.  Later on, I remembered that $SVA earning was to be released after market close, so I sold out my position to play safe.  Turned out $SVA had better earnings, price went up after hours. I did not feel bad about being on the sideline no more than I feel bad about not playing black or red on the roulette table.  I don’t play, I don’t complain.  It is that simple.

There wasn’t much more to say about the rest of the stocks in my port since they all corrected a bit.  The only thing I could add is that I bought a small $KNDI starter position when price dipped below $19.00.  If price bounces tomorrow, I may add some more if there is cash free-up tomorrow from the three-day settlement.

Current holdings:

LRAD, SEED, MZOR, CARA, KGJI, SVBL, KNDI and 25% cash.

From my other account:

$FITX is no exception, it also took a hit like everyone else.

FITX_daily

At least, price is still above the downtrend line.

My 2 cents.



Categories: Daily trading Journal

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