05-15-2014 Trading Journal

Well well well, the newly minted support could not hold and price fell thru its like it was made of paper.

SPY_Daily

Price began to bounce around mid-day in a slow ant manner.

Naturally, I added to $TZA when price bounced higher.  I then set the hard stop to below intra-day low.  It never hit so i moved the stop to my entry point.  I was making nice dough early in the day;but by afternoon, most of my gain was gone.  My breakeven stop to my adds was hit and when time was near the closing bell, I sold the rest of my $TZA for breakeven as well.  While the S&P500 bounce was not great but it was firm; thus I decided to cancel my $TZA trade.

$KNDI was behaving nicely later in the day by heading back to positive territory so I decided to buy back starter position with the available cash.

KNDI_daily

Price looks like it is ready to bounce again. I’ll add if price heads higher tomorrow.

$AMRN took a hit today and I added a bit more ’cause I believe price will head back higher in the long run.

AMRN_daily

Notice that price is now nearing the support that started back in November of last year.  If that support doesn’t hold, I may have to think about cutting losses.

$DMRC was surprisingly strong today despite a down day.

DMRC_daily

Price closed higher than the down line and it is looking good for a next leg up.

Despite $AMRN big drop today, rallies from $DMRC,and $LRAD offset the losses from AMRN and $SVBL to come out at breakeven for the day.  YTD gain remains at 7.2%

Current holdings:

DMRC, LRAD, SVBL, SEED, AMRN, KGJI, KNDI and 14% cash.

From my other account:

I sold the rest of $FITX today.  This whole zoning issues with town people to approve the expansion is becoming a hindrance to higher price.  Better sit on the sideline to see what happen.

My 2 cents.

 

 

 



Categories: Daily trading Journal

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