Don't pay dollar to keep 2 cents when wrong. Cut your losses quickly. Trade what you see, not what you think.
Joined Oct 26, 2011
719 Blog Posts

Today Portfolio Adjustment (04-02-2013)

Today was a busy day for me because I made a lot of adjustment to my portfolio.

In the beginning, $AAPL looked like a racehorse getting anxious to get out of the starting gate.  At market open, $AAPL had some volatile range but once it settled down a bit I bought a starter position with a stop below the previous pivot-low for a close stop.  Price sped off quickly and I moved my trailing stop quickly as well; but before I knew what happened I got stopped out for profit.  $AAPL then gyrated between +$6 & +$7 area so I decided to leave it alone.

$DDD looked good also in the chart so I bought a starter position as well.

$FB opened up and was trading above the half-way point of last Wednesday bullish engulfment bar, so I bought back my position.

$DCTH was acting uncommitted so I decided to sell half of my position to lock in gain.  I didn’t want to take chance of giving back my gain while I wasn’t looking.  However, later in the day, $DCTH showed a strong resiliency in the $1.91 area so I bought back my position I sold earlier plus some.

I found the charts on $MNKD and $APRI wanting last night so I was watching them in the morning.  Price actions looked good and holding well  so I bought starter position on them.

Meanwhile, $SZYM was on a tear to the downside and I had a feeling that this stock was not meant to be for me.  Again, for the upteen times, I sold down the position to cut losses and minimize exposure even though I told myself I would stick this one to the end.  But I was holding too much and I found an excuse to sell by reason that my money has a better probability to recover losses by putting it in $MNKD and $APRI where the upward force still exists.  If you are ever being indecisive about cutting losses; find another more compelling reason to force yourself to do so.  In this case, I want to re-balance my biotech holding by reducing $SZYM and increasing $MNKD and $APRI.  I don’t want to use existing cash so that force me to scale down $SZYM to 38% of original position.

Once the allocation was executed, I felt good even though I had to eat a big losses on $SZYM.  The thing about losses is that I know I can make them back; so I don’t sweat too much over it.

The charts on $POT, $FB, $DDD started to look like a balloon running out of hot air.  They looked horrible despite the fact that they were up during the first half of the day; without hesitation, I sold them all for small losses except for $POT which was breakeven.  You see, when the daily chart starts to look bad, I will NOT hesitate to sell my position especially when I see that the losses will be small.    Again, with hindsight, it paid to act fast and decisively since all three were down much further than my selling prices.

$MNKD went through some intra-day retracement and I took the opportunity to add a bit more.

$S was neutral all day so I left it alone.

Seeing $PACB was trying to bounce a bit, I bought a small position so I wouldn’t forget about it.

Current holdings:


My 2 cents.


The trades I made in the journal were time-stamped in twitter

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  1. Vertigo

    How much time does it take to do your taxes? And how many pages is your form 8949?

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    • Zenhunter

      Don’t ask. I filed my tax electronically now. Before the brokers were required to include cost basis data, it took me a long time. I used to have a tradelog database (subscription based) to keep track of my cost basis and it was a pain-in-the-ass to maintain. Now that brokers are required to include cost basis, my tax filing is actually quite easy now; although I need to review them for accuracy.

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