04-30-2015 Journal- $LRAD, $LEU, $KGJI, $NUGT $CERS, $TZA

Today drop reminded me of the roller-coaster ride when the car was rolling over to the steep decline…

DJ-30 daily

Finally, a drop that everyone has been waiting for.  And I was quite disappointed that I sold my $TZA position yesterday.  What was I thinking?  I bought $TZA looking for day like today and yet I sold it based on the result of the Fed meeting.  Not to mention that the “Sell in May and go away” mentality also contributed to my buying $TZA in the first place.  Sometimes, it could be as simple as having the convenience brought on by technological advance in placing trading order thru a few simple mouse clicks.  “Hell, I just sold $NUGT, why not dump $TZA as well?”  Click, click, and click.  “Wait a minute… what’ve I done!”

$NUGT gapped down at the open and I began to look for a place to buy the bounce.

NUGT_daily

Price found support at the daily 15 MA and a bounce began to form in the 5 min chart; without hesitation, I began to start buying back some $NUGT.  By closing bell, my position is in the money.

$CERS was strong in the morning despite a falling market so I decided to buy back some just in case good news is nearby.

CERS_daily

By closing bell, selling pressure could only take this down by two pennies which to me was very bullish since most other biotech stocks were down from 3% to 6%.  If market bounces tomorrow, I may add more $CERS.

$LEU, along with $KGJI and $LRAD all corrected for the day.

LEU_daily

KGJI_daily

LRAD_daily

Corrections for $LEU, $KGJI and $LRAD were temporary reaction to general market sell-off.  Their real catalyst for major move will be based on earning update (LRAD) and shareholder update (LEU) next Thursday.  Let’s see if the wind will blow my way then…

Oh I forgot to mention that I bought a starter position on $TZA in the morning.

Due to sell-off, my port gave back 2.3% for the day.  YTD gain is now at 16.4%.

Current holdings:

LRAD, LEU, KGJI, NUGT, CERS, TZA and 29% cash.

My 2 cents.



Categories: Daily trading Journal

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