04-23-2014 Trading Journal

Market was on defensive all day.

SPY_Daily

See how price rested on the support?  However, with $AAPL after hour rocket launch, we may see a bounce tomorrow in the general market.

Today, I decided to be Rambo and bought $DMRC aggressively into the earnings betting for a positive outlook.  After listening to the earnings conference, I’ve to say that things are looking up and up.  Unfortunately, due to the “expected” losses, there were a few thousand shares being dumped after hour.  Being a super low-float stock, a few thousands shares in the after hour could weave havoc to the price.  So far, price was down 16%.  Since I like what I heard in the conference call, I’m going to hold this one long-term.  I may even buy some more below $30 if I can.  I expect to see a rocket launch for this stock later in the year when they sign a large retailer to their Digimarc barcode technology.  So, I’m not worried.

When $KNDI went down to low $13.xx after the open, it triggered my mental stop and I got out with a small gain.

$NUGT looked good for a bounce after it took out yesterday high so I bought a position.

NUGT_daily

After weathered the initial downdraft, price eventually bounced higher the rest of the day.  However, there are quite a few resistances ahead, namely the 15, 79 & 89 MA lines.

Seeing that I was aggressively adding $DMRC, I decided to lighten up other positions to make room on the risk department.  I sold $AMRN and $CERS at breakeven.

I also bought $TZA for a bounce and got stopped out not long after due to a tight stop. After seeing price bouncing back up from where I was stopped out, I bought back in and set a hard stop below yesterday low.  This time, I got traction and was in the money by the close.  Nevertheless, seeing that the market is up after hour right now, I probably will have to give back the gain from today.

Due to the correction on $DMRC and $LRAD today, my port dropped 1%.  I may give back more % tomorrow if $DMRC cannot recover from today after hour trading action.

Current holdings:

LRAD, DMRC, SVBL, SEED, NUGT, TZA and 33% cash.

From my other account:

$FITX continued to surprise when it announced today of appointing a “highly qualified” director with a heavy credential.  Somehow, price couldn’t hold above $0.09 cents so it dropped back down to mid $0.08x by the close.

$FITX is currently installing the front gate with sally port as a final step to get the Health Canada approval for a license.  We may hear something soon (as in the next two weeks if not sooner).

My 2 cents.

 

04-22-2014 Trading Journal

The market continued higher like another normal walk at the park…

SPY_Daily

Price took out the resistance like it wasn’t even there…

OK, I’m pissed that I missed out the $GWPH rocket launch .  Having only owned it yesterday morning and was out coming into the gap up this morning, it was as frustrating as taking an unexpected big losses. Ok, now that I got this frustration out of the way, I’m moving on.

Did I wish I had the same number of $KNDI shares I had yesterday!  I’m actually paying the price of playing safe yesterday by dumping those hi-beta stocks.  Giving today hindsight of missing some of the boats leaving the harbor, will I do it again next time dumping hi-beta stocks in the face of a possible melt-down? You BET!  I rather play safe by re-balancing my port and miss the profit opportunity than to take a bigger hit by being overweight on risk exposure.

Seeing that the market took off after the open, I began to add to $AMRN, $CERS, and $SEED,  I also bought back some $KNDI.

While not getting a bigger gain had I hold on to $GWPH, $KNDI, $CARA from yesterday, I still received a respectable gain today from $LRAD, $DMRC, $KNDI, and $AMRN.

Current holdings:

LRAD, DMRC, SVBL, CERS, SEED, AMRN, KNDI and 29% cash.

From my other account:

$FITX was practically neutral today.  The vault, required by Health Canada for licensing approval, has been installed!  It will be soon when we will hear about the licensing approval.  Still holding long and strong.

My 2 cents.

04-21-2014 Trading Journal

Market continued higher in a slower and cautious speed.

SPY_Daily

Another green bar boded well for $SPY. However, as you can see, there is a nearby resistance market has to overcome before heading higher.  The middle blue parallel lines is what I’m talking about.  Did you see the previous highs clustered around March 18th to 26th, and then again at April 9th and 10th?  Tomorrow we will know if price will break thru the resistance or drop back from bumping its head against resistance.

Today, I was shaken out of a few positions during the morning mini-collapse 40 minutes after the open.

At first, I added to $KNDI ’cause prices were heading higher like a trapped bull finally running free of its cage.  I added quickly and aggressively and was in the zone.  Then, without notice, price began to fall fairly quickly.

“What the f***?”

Due to my aggressive buy, I almost doubled down from Friday position.  With the speed of the fall continuing to accelerate, I saw my unrealized gain vaporizing into thin air.  Trying to cut the position quickly so I didn’t have to eat a big losses from this “uninformed” drop, I started hitting the “Sell market” button one after the other.  Somehow, I got carried away and ended selling the whole $KNDI position.

“Darn!”

Looking at my remaining available cash (from three days settlement), there wasn’t enough to buy the original size back.  So I moved on.

Oh yeah, while I was dumping $KNDI, I took it upon myself to dump $GWPH, $CARA, and $FSLR as well.

BAD Mistakes!

Practically all of the positions I sold except for $GWPH would have put me in a nice gain today… but you know it wasn’t me talking now, right?  It was Mr. Hindsight who was speaking (typing…)

Anyway, at the times I was selling the positions mentioned above, I was merely re-balancing my port to accommodate the “possible” cliff-falling market action.  Since the cliff-falling did not happen, my re-balancing act was not needed.  I did what I needed to do at the time so it was nothing for me to “dwell” on.

The act of re-balancing was a mean to allow me to keep some of my long positions without too heavily invested.   $KNDI, $GWPH, $CARA, $FSLR all came in this morning as a medium size starter positions and they were meant to be the first to dump if I felt the market was turning back down.  Meanwhile, $LRAD, $DMRC, and $SVBL were my three largest positions in the port and I want to keep them large going forward; thus my non-hesitation in dumping the stocks mentioned above even though they all came back up by day close.

Before the dumping this morning, I also bought back some $CERS and added to $SEED.  Near the close, I bought back some $AMRN to take advantage of the lower price.  I decided to buy back $AMRN ’cause when I called the pharmacy to refill my Vascepa fish-oil, they were able to give it to me the same day.  In past, they always had to “order” them due to the fact that I might be the only one who wanted it.  Not having to “order” meant the pharmacy is stocking up Vascepa to handle demand.  Hence, my buying back $AMRN.  Pretty crude justification to buy but it was good enough for me to do so.

$DMRC.  I realized I had not mentioned why I selected $DMRC to be a major holding of my port.  I think this news should sum it up:

Digimarc Unveils the Digimarc(R) Barcode at NRF 2014: Significantly Improves Checkout Scanning Speed While Enabling Unprecedented In-Store Mobile Engagement

Here is what I like in the news announcement, “Top brands, including Cooking LightCostco, Ford and Sharper Image are already using digital watermark technology in magazines, brochures, catalogs and food packaging to engage with consumers via mobile devices.”

Although this was old news from back in January, it was very relevant to me when I discovered it last week. The technology and the concept could not be more relevant in today proliferation of smartphones with internet access.  How convenient it is to simply point your smartphone to the article, TV, audio sound, or the product itself and capture the hidden digital barcode that will take you straight to the information website or even the shopping cart screen for you to place an order without having to go thru the steps of “googling” the product you want to know more about.

So I started buying.  Due to the very low float, this stock was difficult to buy in bulk without chasing it up.  So I bought some everyday for the last few trading days.  Wednesday will be earnings day and I’m taking a big risk buying into earnings.  If this takes off after Wednesday, I hit another home-run, and if it tanks after earnings, I may add more depending on the new information that becomes available.

DMRC_daily

From the chart, price is now getting near the previous resistance at $36.93 (or $37); let’s see if Wednesday earning will blow this resistance to pieces or my position into pieces…

Since I sold my trading stocks to cut losses in the morning times, I didn’t have enough gain to offset the drawdown from $LRAD and $SVBL.  However, gain from $DMRC did a good job reducing today losses.  Today, my port dropped 0.5%.

Current holdings:

LRAD, DMRC,SVBL, SEED, CERS, AMRN and 42% cash.

From my other account:

What more can I say?

$FITX continued to bounce higher anticipating  a positive Health Canada response.

FITX_daily

Price has to overcome the nearby resistance around $0.09.  Let’s see if it will take it out tomorrow.

My 2 cents.

04-17-2014 Trading Journal

The market continued to bounce some today.

SPY_Daily

While it was not a big rally like the last two days, it was enough to keep the bull momentum intact.

For some reason, I got the distinct feeling that today the bull was developing into a base.  Thus, I began buying back some positions for the long-side going into the long weekend.

I started by adding more $DMRC.  Then seeing that $KNDI bounced off the long-term support at $11.00 area two days ago, I “felt” it was the right time to buy back some positions.  I’m also stroked by last Monday news that Shanghai is going to launch the public EV car-sharing system pilot project.  In a “normal” market day, this news might create a gap-up situation but current bearish climate neutralized the new info as if it was nothing.  I see this as an opportunity to buy back some now.  Let’s see if $11.00 can hold the support; if not, I may have to cut and run to stop the bleeding.

KNDI_daily

See how the support extends all the way back to beginning of January?

I also bought back $GWPH which I’d been trying to buy (and stopped out) previously.  However, I was sensing a bounce coming so I bought a starter position to see if it bounced this time.  It did so far.

GWPH_daily

Like $KNDI, the support extends all the way to early January as well.

$SEED was also bouncing from yesterday small green bar.

seed_daily

I started buying $SEED after the open to build it back to about 70% of my original size.  Price closed above the 79 & 89 MA lines  and it looks good.

I like $FSLR here ’cause there is a support that extends back to November of last year.

FSLR_daily

If the support holds, I may add more.  I like $FSLR ’cause it was the only solar stock that did not corrected like all other solar stocks.  In fact, while others were sliding down, $FSLR was actually on the up and up.

I added to $DMRC ’cause I saw the possibility of price taking out the resistance from late March.

DMRC_daily

Price did took out the resistance.  Let’s see next week can keep up with the upward momentum.

I also bought $CARA but price didn’t do much; so let’s if it will bounce next week.

Thanks to rallies from $LRAD, $DMRC, $KNDI, $SEED, and $GWPH, my port regained yesterday losses.

Current holdings:

LRAD, SVBL, DMRC, KNDI, FSLR, SEED, GWPH, CARA and 35% cash.

From my other account:

$FITX released news that added more weight to its goal of being the largest legit medical cannabis producer.

FITX_daily

Due to its positive effect, price rocketed up 20+%.  As a result of the news, I added more $FITX as well.  Did you see how price bounced off the 79 & 89 MA lines?  Magical!

My 2 cents.

04-16-2014 Trading Journal

Market continued on its rally today and placed itself right back into the middle of the consolidation area.

SPY_Daily

Price now closed above the 15 MA line.  Looking good so far.

Seeing the market was up, I began to buy back some stocks to test the water. I started with $FSLR; then starter position on $GWPH, $CARA, $KNDI, and $DMRC.

Unfortunately, all of them except $DMRC were having problem floating on water.  $FSLR began to sink and so were $CARA and $KNDI.  Seeing that not every stocks were going up and some were still struggling to stay even, I set close stops and all of them were triggered.  I left $DMRC along since it price pattern was quite strong for the last two weeks.

By the end of day, $FSLR rallied back up and I was left without shares ’cause I’d no spare cash.  Most still tied up with the three days settlement.  My going in and stopping out of new positions on the same day for the last few days had kept my available cash limited due to the three days settlement rule.

Believe it or not, having a cash account with no margin have kept me from going over broad.  This intentional limited fund balances my urge to move too much too quickly.

Thanks to uptick on $LRAD and $DMRC, my port went up slightly.

Current holdings:

LRAD, SVBL, DMRC and 64% cash.

From my other account:

$FITX bounced some today which put price back on the 79 & 89 MA lines.

FITX_daily

So far so good.

My 2 cents.

 

04-15-2014 Trading Journal

Today, the stubborn bull bounced right back to the upside once again.  A replay of yesterday but with a little more zest…

SPY_Daily

See how it closed right at the resistance level?  With after-hour trading on the upside, the market might just bounce higher tomorrow.

Today, I, again, rode the $TZA train all the way up with a nice paper gain and then rode it all the way back with a small losses to boost.  While the market bounced back hard, $SVBL in my port took a hit today that set me back 1.5%.  Instead of a 12% YTD gain, I’m now at 10.5%.

If the market bounces from here, I’ll need to find some stock to put the money to work.

Current holdings:

LRAD, SVBL and 68% cash.

From my other account:

$FITX corrected today but price was still at the 79 & 89 MA lines.

My 2 cents.

 

 

04-14-2014 Trading Journal

Market bounced back today but it was actually a closed call.

SPY_Daily

In the latter half of the day, the $SPY literally gave back most of the gain to end at even for the day until the last hour rally brought the price back up to where it was opened at.  While there was a bounce, we are definitely not out of the woods yet.  Price barely closed above the 89 MA line and the resistance at $184.xx can be quite formidable.  If price cannot take out the $184 resistance to the upside, price may collapse from there.  Therefore, caution is the way to go at current market climate.

Even with the gapped up open, there were still a lot of stocks bleeding red on my quote list. Therefore, I began to watch the price action to see if today was a bull trap.  I was eyeing on buying back some $TZA if price could bounce at some point.  By mid-day, $TZA began to climb and I bought a starter position when it took out the intra-day pivot high.  As price continued upward, I added more.

I also bought some $FAZ as well.

Then I closed my eyes to get some rest and woke up five minutes before market closed.  Whoa! $TZA gave back quite a bit of gain and I immediately sold half of my position.  I also sold half of $FAZ before the closing bell rang.

Today rally was not very decisive despite a gap-up open.  We would find out if today was a dead cat bounce in the next few days.

Seeing that $TZA was climbing, I decided to sell my starter position on $SEED so that I’m only holding two stocks on the long side.

I also ventured into $NUGT later in the day but the sudden drop in price shook me out of the position with a small losses.

While I gave back gain on $TZA and taking a small hit on $FAZ, my port actually went up a bit today ’cause neither $LRAD nor $SVBL needed to be hedged due to their closing on a positive side.

Current holdings:

LRAD, SVBL, TZA, FAZ and 57% cash.

From my other account:

$FITX had a small bounce today which was actually a strong day giving that most cannabis stocks were turning negative.

FITX_daily

See how the price bounced off the 79 & 89 MA lines?  Also, both 79 & 89 MA lines are now merged together into one.  This could be a powerful support and the probability for continued bounce is good from here.  Currently holding $FITX only.

My 2 cents.

04-11-2014 Trading Journal

Market continued to drop further down today.

SPY_Daily

It didn’t bode well that price penetrated the 89 MA line to the downside.

I did something based on “wishful” thinking that prompted me to sell out $TZA and $FAZ in the morning.  I was giving the market too much “hope” for a Friday bounce. At least, it looked bouncy after the gap down open.  I was envisioning today as the day with market opened down and then closed 100 points higher.

Thus, I placed a stop on my $TZA and $FAZ below the opening range in case my scenario turned out to be true.  Well, the market made a half-heart attempt to bounce that took out my stop but there weren’t enough juice to keep the ball rolling upward. Market eventually fell back down and $TZA rallied the rest of the day.

Due to my “bullish” sentiment in the morning, I used up the free cash to buy $GWPH, $SEED, and $KNDI.  With the lion shares of cash still tied up in the three-days settlement, I had no cash to buy back the $TZA.  Oh well…

However, all was not lost in the hedging department.  While $LRAD was falling like all other stocks, $SVBL came to the rescue by rallying 9%.

SVBL_weekly

Above is the weekly chart of $SVBL.  Notice that the lower band of the Bollinger band is actually turning up.  Stochastic momentum indicator below is also turning back up from the lower range.  Perhaps, this one may rally next week.

Thanks to gain on $SVBL, it was enough to offset losses on $LRAD.  Gain on $TZA and $FAZ helped offset the losses on $GWPH.  Yeah, I bought too much $GWPH… I also sold $GWPH to cut losses in the afternoon.

Thus my week ended practically unchanged despite another week of water-falling price action on both DOW and Nasdaq.

Current holdings:

LRAD, SVBL,SEED and 67% cash.

My other account:

$FITX gave back the bounce from yesterday.  I’m still holding ’cause we are not that faraway from the completion of the Lakeshore facility for Health Canada to inspect.  We may hear something by the end of the month.  Meanwhile, I just need to take the heat and wait it out.

My 2 cents.

 

04-10-2014 Trading Journal

Well, the market finally broke thru the support that it couldn’t do for three times.  Only this time, the fourth time is a charm…

SPY_Daily

Today became the day I was expecting to happen yesterday.  Although I was one day late, it didn’t stop me for jumping back into the $TZA train.

After the market opened and I saw it struggling to stay afloat, I immediately bought a starter position on $TZA and waited to see what happened.  It wasn’t a smooth sales.  My $TZA position were yoyo-ing b/w green and red until price finally broke thru the opening range to the upside.  I immediately added more and continued to add as intra-day highs were taken out again and again.  By the time I was done adding, I bought the full position as yesterday plus more.  I also bought back $FAZ.

The reason I had no qualm buying back $TZA and $FAZ ’cause I expected this bounce might not hold.  Seeing the DOW was tanking, I began to liquidate my swing trade position to stop the bleeding by selling $SVA first.  Later on, I sold $SEED when I saw the large bids made available.  It wasn’t a great price but if I wanted out, I couldn’t complain.

At first. $NUGT opened higher and stayed high even when DOW was initially falling off the cliff; thus, I did not sell to lock in profit.  I placed a stop where my breakeven point was and was stopped out not long after.

By day close, $TZA was banging its head against the 89 MA line.

TZA_daily

Knowing the power of the 79 & 89 MA lines, I decided to sell half of my $TZA and $FAZ near the close to lock in gain.  I’m always mindful of a gap open against my positions. And I can always buy them back the next day if price continues to the upside.  Yesterday was a perfect example of why I had no qualm unloading my $TZA position to take losses ’cause I knew I could always buy them back the next day if circumstances changed to reflect my directional bias..

Due to my non-hesitation in buying back $TZA and $FAZ, I was able to generate gain as a hedge to offset the losses from $LRAD, $SVBL, $SEED, and $SVA.  It was another perfect hedge, the port remained unchanged once again.

Current holdings:

LRAD, SVBL, TZA, FAZ and 59% cash.

From my other account:

First, I was glad I sold $MCIG yesterday to lock in gain.  However, I was not so lucky with $FITX.  Of all things, one of the most popular cannabis stock $PHOT was suspended from trading by SEC.  At first, I thought the drop was normal giving the DOW was waterfalling; but the speed of the $FITX fall baffled me.  And when I scrolled down to look at the other cannabis stocks, I realized $PHOT trading was suspended.

With that realization, I decided to unload my $FITX position as well just to be safe.  It was tough to take a big hit on the position but the uncertainty of $PHOT investigation spilling over to $FITX was unsettling.

In about an hour before market close, Bill from $FITX gave investors a brief summary of how everything was still in good shape and that $PHOT investigation should not affect $FITX since they started this Lakeshore project way before a deal was struck with $PHOT.

Giving the assurance from $FITX, I decided to buy back 75% of my shares as a premium price ’cause price rallied hard not long after the statement.  Oh well, today was the 2nd time I had to buy back in $FITX at a premium.  I’m sure that if price took off due to $FITX success, I would look back at today premium as an insignificant issue.

Trading spotlight–> the moment you let go of the angst of paying premium to buy back your shares after selling your shares to either cut losses or lock in profit, you will find the freedom to sell your position as your trading plan dictates.  It took me awhile to understand this lesson but I finally get it.

My 2 cents.

 

04-09-2014 Trading Journal

Market had another strong bounce today.

SPY_Daily

However, the strong bounce only became evidence in the latter half of the day. Price is now near the top range of the previous consolidation range.

In the morning after the open, although price was higher, it wasn’t very convincing.  As a result, I sold my swing trade positions $GWPH to lock in profit; sold $CARA with very small gain, closed out $NUGT with a small gain (gave back a lot of gain from yesterday) due to lower open.

I also bought a starter position on $TZA and $FAZ to see if the market would drop later in the day.

Nope.

Due to my not paying close attention during the day, I had to close out my $TZA and $FAZ at a larger losses than I had planned for. Regardless, when I found out $TZA and $FAZ had fallen hard, I sold for losses without hesitation.  If I made a mistake of not paying attention, I should not try to compound the mistake by “wishing” for a bounce to reduce my losses.  Sell and move on.  Good thing I did ’cause the market rallied hard to the close which would have costed me more losses if I hadn’t sold.

With the market rallying hard, I bought back $NUGT looking for more bounce in the week.

NUGT_daily

From the look of the chart, $NUGT looks good for a continuing rally.

$SVA looks good for a bounce off the 79 & 89 MA lines so I bought back some position.

sva_daily

Love that green solid bar that used the 79 & 89 MA lines at the launching pad. I will add more if price takes out today high tomorrow.

Next, I added more $SEED.

seed_daily

$SEED mirrored $SVA on the bounce off the 79 & 89 MA lines.  I’ve been watching $SEED closely ’cause I don’t want to miss any sudden rally due to China’s decision on the GM seeds offered by $SEED.  An approval will pop this one up like a rocket launch in a high school science project.  But in a general market correction, everything goes down regardless of how compelling the story is; thus my being in and out for safety reason. Now, let’s see if this one can climb back up to $3.00.

I missed out on the continuing rally of $GWPH after I sold for smaller profit in the morning.  $GWPH rallied hard after I sold.. oh well, playing safe had its cost; but it definitely worth it and I’ll do it again if I feel/sense a market collapse in the horizon..

Despite my larger than planned losses on $TZA and $FAZ, my port bounced back today thanks to rallies from $LRAD and $SEED.

Current holdings:

LRAD, SVBL, SEED, NUGT, SVA and 52% cash.  Despite the waterfall market last week and this Monday, I am able to maintain the 12% gain for the year.

From the other account:

$MCIG continued to rally hard and barely took out the resistance level at $0.80xx.

MCIG_daily

If you look at the daily chart closely, you can see the head and shoulder pattern.  Both the left and right shoulder have a $0.80xx price level which prove to be a difficult resistance to break thru.  As a result, I sold my position to lock in gain,(or should I say ‘recover my earlier losses plus some’).

$FITX was getting hit today due to an article regarding the issue of a “barn” size.  Apparently, someone at the city council had decided the size of the barn doesn’t fit the definition.  To me, it is just political maneuver trying to get $FITX to pay a higher taxes to the city.  Hey, the way I look at it, it is a non-issue and price will bounce back once $FITX works it out with the city council.  Still holding long and strong.

My 2 cents.

04-23-2014 Trading Journal

Market was on defensive all day.

SPY_Daily

See how price rested on the support?  However, with $AAPL after hour rocket launch, we may see a bounce tomorrow in the general market.

Today, I decided to be Rambo and bought $DMRC aggressively into the earnings betting for a positive outlook.  After listening to the earnings conference, I’ve to say that things are looking up and up.  Unfortunately, due to the “expected” losses, there were a few thousand shares being dumped after hour.  Being a super low-float stock, a few thousands shares in the after hour could weave havoc to the price.  So far, price was down 16%.  Since I like what I heard in the conference call, I’m going to hold this one long-term.  I may even buy some more below $30 if I can.  I expect to see a rocket launch for this stock later in the year when they sign a large retailer to their Digimarc barcode technology.  So, I’m not worried.

When $KNDI went down to low $13.xx after the open, it triggered my mental stop and I got out with a small gain.

$NUGT looked good for a bounce after it took out yesterday high so I bought a position.

NUGT_daily

After weathered the initial downdraft, price eventually bounced higher the rest of the day.  However, there are quite a few resistances ahead, namely the 15, 79 & 89 MA lines.

Seeing that I was aggressively adding $DMRC, I decided to lighten up other positions to make room on the risk department.  I sold $AMRN and $CERS at breakeven.

I also bought $TZA for a bounce and got stopped out not long after due to a tight stop. After seeing price bouncing back up from where I was stopped out, I bought back in and set a hard stop below yesterday low.  This time, I got traction and was in the money by the close.  Nevertheless, seeing that the market is up after hour right now, I probably will have to give back the gain from today.

Due to the correction on $DMRC and $LRAD today, my port dropped 1%.  I may give back more % tomorrow if $DMRC cannot recover from today after hour trading action.

Current holdings:

LRAD, DMRC, SVBL, SEED, NUGT, TZA and 33% cash.

From my other account:

$FITX continued to surprise when it announced today of appointing a “highly qualified” director with a heavy credential.  Somehow, price couldn’t hold above $0.09 cents so it dropped back down to mid $0.08x by the close.

$FITX is currently installing the front gate with sally port as a final step to get the Health Canada approval for a license.  We may hear something soon (as in the next two weeks if not sooner).

My 2 cents.

 

04-22-2014 Trading Journal

The market continued higher like another normal walk at the park…

SPY_Daily

Price took out the resistance like it wasn’t even there…

OK, I’m pissed that I missed out the $GWPH rocket launch .  Having only owned it yesterday morning and was out coming into the gap up this morning, it was as frustrating as taking an unexpected big losses. Ok, now that I got this frustration out of the way, I’m moving on.

Did I wish I had the same number of $KNDI shares I had yesterday!  I’m actually paying the price of playing safe yesterday by dumping those hi-beta stocks.  Giving today hindsight of missing some of the boats leaving the harbor, will I do it again next time dumping hi-beta stocks in the face of a possible melt-down? You BET!  I rather play safe by re-balancing my port and miss the profit opportunity than to take a bigger hit by being overweight on risk exposure.

Seeing that the market took off after the open, I began to add to $AMRN, $CERS, and $SEED,  I also bought back some $KNDI.

While not getting a bigger gain had I hold on to $GWPH, $KNDI, $CARA from yesterday, I still received a respectable gain today from $LRAD, $DMRC, $KNDI, and $AMRN.

Current holdings:

LRAD, DMRC, SVBL, CERS, SEED, AMRN, KNDI and 29% cash.

From my other account:

$FITX was practically neutral today.  The vault, required by Health Canada for licensing approval, has been installed!  It will be soon when we will hear about the licensing approval.  Still holding long and strong.

My 2 cents.

04-21-2014 Trading Journal

Market continued higher in a slower and cautious speed.

SPY_Daily

Another green bar boded well for $SPY. However, as you can see, there is a nearby resistance market has to overcome before heading higher.  The middle blue parallel lines is what I’m talking about.  Did you see the previous highs clustered around March 18th to 26th, and then again at April 9th and 10th?  Tomorrow we will know if price will break thru the resistance or drop back from bumping its head against resistance.

Today, I was shaken out of a few positions during the morning mini-collapse 40 minutes after the open.

At first, I added to $KNDI ’cause prices were heading higher like a trapped bull finally running free of its cage.  I added quickly and aggressively and was in the zone.  Then, without notice, price began to fall fairly quickly.

“What the f***?”

Due to my aggressive buy, I almost doubled down from Friday position.  With the speed of the fall continuing to accelerate, I saw my unrealized gain vaporizing into thin air.  Trying to cut the position quickly so I didn’t have to eat a big losses from this “uninformed” drop, I started hitting the “Sell market” button one after the other.  Somehow, I got carried away and ended selling the whole $KNDI position.

“Darn!”

Looking at my remaining available cash (from three days settlement), there wasn’t enough to buy the original size back.  So I moved on.

Oh yeah, while I was dumping $KNDI, I took it upon myself to dump $GWPH, $CARA, and $FSLR as well.

BAD Mistakes!

Practically all of the positions I sold except for $GWPH would have put me in a nice gain today… but you know it wasn’t me talking now, right?  It was Mr. Hindsight who was speaking (typing…)

Anyway, at the times I was selling the positions mentioned above, I was merely re-balancing my port to accommodate the “possible” cliff-falling market action.  Since the cliff-falling did not happen, my re-balancing act was not needed.  I did what I needed to do at the time so it was nothing for me to “dwell” on.

The act of re-balancing was a mean to allow me to keep some of my long positions without too heavily invested.   $KNDI, $GWPH, $CARA, $FSLR all came in this morning as a medium size starter positions and they were meant to be the first to dump if I felt the market was turning back down.  Meanwhile, $LRAD, $DMRC, and $SVBL were my three largest positions in the port and I want to keep them large going forward; thus my non-hesitation in dumping the stocks mentioned above even though they all came back up by day close.

Before the dumping this morning, I also bought back some $CERS and added to $SEED.  Near the close, I bought back some $AMRN to take advantage of the lower price.  I decided to buy back $AMRN ’cause when I called the pharmacy to refill my Vascepa fish-oil, they were able to give it to me the same day.  In past, they always had to “order” them due to the fact that I might be the only one who wanted it.  Not having to “order” meant the pharmacy is stocking up Vascepa to handle demand.  Hence, my buying back $AMRN.  Pretty crude justification to buy but it was good enough for me to do so.

$DMRC.  I realized I had not mentioned why I selected $DMRC to be a major holding of my port.  I think this news should sum it up:

Digimarc Unveils the Digimarc(R) Barcode at NRF 2014: Significantly Improves Checkout Scanning Speed While Enabling Unprecedented In-Store Mobile Engagement

Here is what I like in the news announcement, “Top brands, including Cooking LightCostco, Ford and Sharper Image are already using digital watermark technology in magazines, brochures, catalogs and food packaging to engage with consumers via mobile devices.”

Although this was old news from back in January, it was very relevant to me when I discovered it last week. The technology and the concept could not be more relevant in today proliferation of smartphones with internet access.  How convenient it is to simply point your smartphone to the article, TV, audio sound, or the product itself and capture the hidden digital barcode that will take you straight to the information website or even the shopping cart screen for you to place an order without having to go thru the steps of “googling” the product you want to know more about.

So I started buying.  Due to the very low float, this stock was difficult to buy in bulk without chasing it up.  So I bought some everyday for the last few trading days.  Wednesday will be earnings day and I’m taking a big risk buying into earnings.  If this takes off after Wednesday, I hit another home-run, and if it tanks after earnings, I may add more depending on the new information that becomes available.

DMRC_daily

From the chart, price is now getting near the previous resistance at $36.93 (or $37); let’s see if Wednesday earning will blow this resistance to pieces or my position into pieces…

Since I sold my trading stocks to cut losses in the morning times, I didn’t have enough gain to offset the drawdown from $LRAD and $SVBL.  However, gain from $DMRC did a good job reducing today losses.  Today, my port dropped 0.5%.

Current holdings:

LRAD, DMRC,SVBL, SEED, CERS, AMRN and 42% cash.

From my other account:

What more can I say?

$FITX continued to bounce higher anticipating  a positive Health Canada response.

FITX_daily

Price has to overcome the nearby resistance around $0.09.  Let’s see if it will take it out tomorrow.

My 2 cents.

04-17-2014 Trading Journal

The market continued to bounce some today.

SPY_Daily

While it was not a big rally like the last two days, it was enough to keep the bull momentum intact.

For some reason, I got the distinct feeling that today the bull was developing into a base.  Thus, I began buying back some positions for the long-side going into the long weekend.

I started by adding more $DMRC.  Then seeing that $KNDI bounced off the long-term support at $11.00 area two days ago, I “felt” it was the right time to buy back some positions.  I’m also stroked by last Monday news that Shanghai is going to launch the public EV car-sharing system pilot project.  In a “normal” market day, this news might create a gap-up situation but current bearish climate neutralized the new info as if it was nothing.  I see this as an opportunity to buy back some now.  Let’s see if $11.00 can hold the support; if not, I may have to cut and run to stop the bleeding.

KNDI_daily

See how the support extends all the way back to beginning of January?

I also bought back $GWPH which I’d been trying to buy (and stopped out) previously.  However, I was sensing a bounce coming so I bought a starter position to see if it bounced this time.  It did so far.

GWPH_daily

Like $KNDI, the support extends all the way to early January as well.

$SEED was also bouncing from yesterday small green bar.

seed_daily

I started buying $SEED after the open to build it back to about 70% of my original size.  Price closed above the 79 & 89 MA lines  and it looks good.

I like $FSLR here ’cause there is a support that extends back to November of last year.

FSLR_daily

If the support holds, I may add more.  I like $FSLR ’cause it was the only solar stock that did not corrected like all other solar stocks.  In fact, while others were sliding down, $FSLR was actually on the up and up.

I added to $DMRC ’cause I saw the possibility of price taking out the resistance from late March.

DMRC_daily

Price did took out the resistance.  Let’s see next week can keep up with the upward momentum.

I also bought $CARA but price didn’t do much; so let’s if it will bounce next week.

Thanks to rallies from $LRAD, $DMRC, $KNDI, $SEED, and $GWPH, my port regained yesterday losses.

Current holdings:

LRAD, SVBL, DMRC, KNDI, FSLR, SEED, GWPH, CARA and 35% cash.

From my other account:

$FITX released news that added more weight to its goal of being the largest legit medical cannabis producer.

FITX_daily

Due to its positive effect, price rocketed up 20+%.  As a result of the news, I added more $FITX as well.  Did you see how price bounced off the 79 & 89 MA lines?  Magical!

My 2 cents.

04-16-2014 Trading Journal

Market continued on its rally today and placed itself right back into the middle of the consolidation area.

SPY_Daily

Price now closed above the 15 MA line.  Looking good so far.

Seeing the market was up, I began to buy back some stocks to test the water. I started with $FSLR; then starter position on $GWPH, $CARA, $KNDI, and $DMRC.

Unfortunately, all of them except $DMRC were having problem floating on water.  $FSLR began to sink and so were $CARA and $KNDI.  Seeing that not every stocks were going up and some were still struggling to stay even, I set close stops and all of them were triggered.  I left $DMRC along since it price pattern was quite strong for the last two weeks.

By the end of day, $FSLR rallied back up and I was left without shares ’cause I’d no spare cash.  Most still tied up with the three days settlement.  My going in and stopping out of new positions on the same day for the last few days had kept my available cash limited due to the three days settlement rule.

Believe it or not, having a cash account with no margin have kept me from going over broad.  This intentional limited fund balances my urge to move too much too quickly.

Thanks to uptick on $LRAD and $DMRC, my port went up slightly.

Current holdings:

LRAD, SVBL, DMRC and 64% cash.

From my other account:

$FITX bounced some today which put price back on the 79 & 89 MA lines.

FITX_daily

So far so good.

My 2 cents.

 

04-15-2014 Trading Journal

Today, the stubborn bull bounced right back to the upside once again.  A replay of yesterday but with a little more zest…

SPY_Daily

See how it closed right at the resistance level?  With after-hour trading on the upside, the market might just bounce higher tomorrow.

Today, I, again, rode the $TZA train all the way up with a nice paper gain and then rode it all the way back with a small losses to boost.  While the market bounced back hard, $SVBL in my port took a hit today that set me back 1.5%.  Instead of a 12% YTD gain, I’m now at 10.5%.

If the market bounces from here, I’ll need to find some stock to put the money to work.

Current holdings:

LRAD, SVBL and 68% cash.

From my other account:

$FITX corrected today but price was still at the 79 & 89 MA lines.

My 2 cents.

 

 

04-14-2014 Trading Journal

Market bounced back today but it was actually a closed call.

SPY_Daily

In the latter half of the day, the $SPY literally gave back most of the gain to end at even for the day until the last hour rally brought the price back up to where it was opened at.  While there was a bounce, we are definitely not out of the woods yet.  Price barely closed above the 89 MA line and the resistance at $184.xx can be quite formidable.  If price cannot take out the $184 resistance to the upside, price may collapse from there.  Therefore, caution is the way to go at current market climate.

Even with the gapped up open, there were still a lot of stocks bleeding red on my quote list. Therefore, I began to watch the price action to see if today was a bull trap.  I was eyeing on buying back some $TZA if price could bounce at some point.  By mid-day, $TZA began to climb and I bought a starter position when it took out the intra-day pivot high.  As price continued upward, I added more.

I also bought some $FAZ as well.

Then I closed my eyes to get some rest and woke up five minutes before market closed.  Whoa! $TZA gave back quite a bit of gain and I immediately sold half of my position.  I also sold half of $FAZ before the closing bell rang.

Today rally was not very decisive despite a gap-up open.  We would find out if today was a dead cat bounce in the next few days.

Seeing that $TZA was climbing, I decided to sell my starter position on $SEED so that I’m only holding two stocks on the long side.

I also ventured into $NUGT later in the day but the sudden drop in price shook me out of the position with a small losses.

While I gave back gain on $TZA and taking a small hit on $FAZ, my port actually went up a bit today ’cause neither $LRAD nor $SVBL needed to be hedged due to their closing on a positive side.

Current holdings:

LRAD, SVBL, TZA, FAZ and 57% cash.

From my other account:

$FITX had a small bounce today which was actually a strong day giving that most cannabis stocks were turning negative.

FITX_daily

See how the price bounced off the 79 & 89 MA lines?  Also, both 79 & 89 MA lines are now merged together into one.  This could be a powerful support and the probability for continued bounce is good from here.  Currently holding $FITX only.

My 2 cents.

04-11-2014 Trading Journal

Market continued to drop further down today.

SPY_Daily

It didn’t bode well that price penetrated the 89 MA line to the downside.

I did something based on “wishful” thinking that prompted me to sell out $TZA and $FAZ in the morning.  I was giving the market too much “hope” for a Friday bounce. At least, it looked bouncy after the gap down open.  I was envisioning today as the day with market opened down and then closed 100 points higher.

Thus, I placed a stop on my $TZA and $FAZ below the opening range in case my scenario turned out to be true.  Well, the market made a half-heart attempt to bounce that took out my stop but there weren’t enough juice to keep the ball rolling upward. Market eventually fell back down and $TZA rallied the rest of the day.

Due to my “bullish” sentiment in the morning, I used up the free cash to buy $GWPH, $SEED, and $KNDI.  With the lion shares of cash still tied up in the three-days settlement, I had no cash to buy back the $TZA.  Oh well…

However, all was not lost in the hedging department.  While $LRAD was falling like all other stocks, $SVBL came to the rescue by rallying 9%.

SVBL_weekly

Above is the weekly chart of $SVBL.  Notice that the lower band of the Bollinger band is actually turning up.  Stochastic momentum indicator below is also turning back up from the lower range.  Perhaps, this one may rally next week.

Thanks to gain on $SVBL, it was enough to offset losses on $LRAD.  Gain on $TZA and $FAZ helped offset the losses on $GWPH.  Yeah, I bought too much $GWPH… I also sold $GWPH to cut losses in the afternoon.

Thus my week ended practically unchanged despite another week of water-falling price action on both DOW and Nasdaq.

Current holdings:

LRAD, SVBL,SEED and 67% cash.

My other account:

$FITX gave back the bounce from yesterday.  I’m still holding ’cause we are not that faraway from the completion of the Lakeshore facility for Health Canada to inspect.  We may hear something by the end of the month.  Meanwhile, I just need to take the heat and wait it out.

My 2 cents.

 

04-10-2014 Trading Journal

Well, the market finally broke thru the support that it couldn’t do for three times.  Only this time, the fourth time is a charm…

SPY_Daily

Today became the day I was expecting to happen yesterday.  Although I was one day late, it didn’t stop me for jumping back into the $TZA train.

After the market opened and I saw it struggling to stay afloat, I immediately bought a starter position on $TZA and waited to see what happened.  It wasn’t a smooth sales.  My $TZA position were yoyo-ing b/w green and red until price finally broke thru the opening range to the upside.  I immediately added more and continued to add as intra-day highs were taken out again and again.  By the time I was done adding, I bought the full position as yesterday plus more.  I also bought back $FAZ.

The reason I had no qualm buying back $TZA and $FAZ ’cause I expected this bounce might not hold.  Seeing the DOW was tanking, I began to liquidate my swing trade position to stop the bleeding by selling $SVA first.  Later on, I sold $SEED when I saw the large bids made available.  It wasn’t a great price but if I wanted out, I couldn’t complain.

At first. $NUGT opened higher and stayed high even when DOW was initially falling off the cliff; thus, I did not sell to lock in profit.  I placed a stop where my breakeven point was and was stopped out not long after.

By day close, $TZA was banging its head against the 89 MA line.

TZA_daily

Knowing the power of the 79 & 89 MA lines, I decided to sell half of my $TZA and $FAZ near the close to lock in gain.  I’m always mindful of a gap open against my positions. And I can always buy them back the next day if price continues to the upside.  Yesterday was a perfect example of why I had no qualm unloading my $TZA position to take losses ’cause I knew I could always buy them back the next day if circumstances changed to reflect my directional bias..

Due to my non-hesitation in buying back $TZA and $FAZ, I was able to generate gain as a hedge to offset the losses from $LRAD, $SVBL, $SEED, and $SVA.  It was another perfect hedge, the port remained unchanged once again.

Current holdings:

LRAD, SVBL, TZA, FAZ and 59% cash.

From my other account:

First, I was glad I sold $MCIG yesterday to lock in gain.  However, I was not so lucky with $FITX.  Of all things, one of the most popular cannabis stock $PHOT was suspended from trading by SEC.  At first, I thought the drop was normal giving the DOW was waterfalling; but the speed of the $FITX fall baffled me.  And when I scrolled down to look at the other cannabis stocks, I realized $PHOT trading was suspended.

With that realization, I decided to unload my $FITX position as well just to be safe.  It was tough to take a big hit on the position but the uncertainty of $PHOT investigation spilling over to $FITX was unsettling.

In about an hour before market close, Bill from $FITX gave investors a brief summary of how everything was still in good shape and that $PHOT investigation should not affect $FITX since they started this Lakeshore project way before a deal was struck with $PHOT.

Giving the assurance from $FITX, I decided to buy back 75% of my shares as a premium price ’cause price rallied hard not long after the statement.  Oh well, today was the 2nd time I had to buy back in $FITX at a premium.  I’m sure that if price took off due to $FITX success, I would look back at today premium as an insignificant issue.

Trading spotlight–> the moment you let go of the angst of paying premium to buy back your shares after selling your shares to either cut losses or lock in profit, you will find the freedom to sell your position as your trading plan dictates.  It took me awhile to understand this lesson but I finally get it.

My 2 cents.

 

04-09-2014 Trading Journal

Market had another strong bounce today.

SPY_Daily

However, the strong bounce only became evidence in the latter half of the day. Price is now near the top range of the previous consolidation range.

In the morning after the open, although price was higher, it wasn’t very convincing.  As a result, I sold my swing trade positions $GWPH to lock in profit; sold $CARA with very small gain, closed out $NUGT with a small gain (gave back a lot of gain from yesterday) due to lower open.

I also bought a starter position on $TZA and $FAZ to see if the market would drop later in the day.

Nope.

Due to my not paying close attention during the day, I had to close out my $TZA and $FAZ at a larger losses than I had planned for. Regardless, when I found out $TZA and $FAZ had fallen hard, I sold for losses without hesitation.  If I made a mistake of not paying attention, I should not try to compound the mistake by “wishing” for a bounce to reduce my losses.  Sell and move on.  Good thing I did ’cause the market rallied hard to the close which would have costed me more losses if I hadn’t sold.

With the market rallying hard, I bought back $NUGT looking for more bounce in the week.

NUGT_daily

From the look of the chart, $NUGT looks good for a continuing rally.

$SVA looks good for a bounce off the 79 & 89 MA lines so I bought back some position.

sva_daily

Love that green solid bar that used the 79 & 89 MA lines at the launching pad. I will add more if price takes out today high tomorrow.

Next, I added more $SEED.

seed_daily

$SEED mirrored $SVA on the bounce off the 79 & 89 MA lines.  I’ve been watching $SEED closely ’cause I don’t want to miss any sudden rally due to China’s decision on the GM seeds offered by $SEED.  An approval will pop this one up like a rocket launch in a high school science project.  But in a general market correction, everything goes down regardless of how compelling the story is; thus my being in and out for safety reason. Now, let’s see if this one can climb back up to $3.00.

I missed out on the continuing rally of $GWPH after I sold for smaller profit in the morning.  $GWPH rallied hard after I sold.. oh well, playing safe had its cost; but it definitely worth it and I’ll do it again if I feel/sense a market collapse in the horizon..

Despite my larger than planned losses on $TZA and $FAZ, my port bounced back today thanks to rallies from $LRAD and $SEED.

Current holdings:

LRAD, SVBL, SEED, NUGT, SVA and 52% cash.  Despite the waterfall market last week and this Monday, I am able to maintain the 12% gain for the year.

From the other account:

$MCIG continued to rally hard and barely took out the resistance level at $0.80xx.

MCIG_daily

If you look at the daily chart closely, you can see the head and shoulder pattern.  Both the left and right shoulder have a $0.80xx price level which prove to be a difficult resistance to break thru.  As a result, I sold my position to lock in gain,(or should I say ‘recover my earlier losses plus some’).

$FITX was getting hit today due to an article regarding the issue of a “barn” size.  Apparently, someone at the city council had decided the size of the barn doesn’t fit the definition.  To me, it is just political maneuver trying to get $FITX to pay a higher taxes to the city.  Hey, the way I look at it, it is a non-issue and price will bounce back once $FITX works it out with the city council.  Still holding long and strong.

My 2 cents.