Talk about a nasty reversal to end the day. I ended up selling down positions in exchange for cash in the final hour. Here is an update on my sales from within our trading room 12631:
Sold KIOR, net +.05
Sold 1/2 my WIX, +1.16
Sold YGE, -.10
Sold SINA, -.14 (was up huge on trade at open, which makes trade shameful)
Sold CUDA, +.46
Sold KNDI, -.24
New position added and held onto today was OLED, in from 37.47.
I gave back too many hard fought gains today, but the important part is I did not take any big hits. This game is all about money management. We stress positions sizing inside our trading room, 12631, as well as keeping loses small. It’s never fun to give back gains or take losses for that matter. But, it you can keep things contained, the runners will take care of everything else.
This is not the ideal way to start the week, but we will be fine. See you guys tonight with some charts. I have a few runners to find.