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 (05-29-2013)

Today was a recovery day.

Market opened down but the stocks I like showed recovery.

The first thing I did was to dump my $EBAY position to take the small losses.  Once that was out of the way, I looked at $APRI.

$APRI showed strength in the morning so I bought back some position I sold yesterday.  By day end when I didn’t see surprised waterfall price action, I bought back the rest of the shares to bring my position back to full size.

$AMRN bounced in the morning so I bought a starter position on my swing trade.  By the afternoon, I decided to buy back the rest of the swing trade position I sold yesterday.  Let’s see if price action will sling back to the upside the rest of the week.

I’ve been watching $NUGT ever since the appearance of the bullish engulfment bar back in May 20th.  With an upside momentum today in the morning, I decided it was time to go back in.  Bought starter position and added twice.  Stopped out on the 3rd add but I bought it back when price action took out $10 resistance line.  Let’s see if price will fly up tomorrow (or not).

I think uranium will soon see the light so I added to my $DNN position.

With $TSLA going thru a parabolic move, I’ve been waiting patiently for a big red bar to happen.  It happened today so I bought starter position on the June 105 put option.  This electric car bubble will either float or sink tomorrow.  I placed my bet.

After years of low interest rate, I think it is time for interest rate to raise its head.  I took the opportunity to buy some $TBF during today minor correction.  If it takes out the resistance line at yesterday high, I will add more.

I bought $AMBA today because I’m convinced the technology behind it will proliferate.  HD video in a small chip is the way to go in our near future.  I believe this is also one of The Fly’s long position.

Current holdings:



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

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  1. RNB

    What happened after the big red bars on May 7 and 14th?

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    • Zenhunter

      Good observation, RNB. Perhaps, I’m counting on 3rd time being a charm?

      Like you said, $TSLA may be due for a correction and that is exactly what I’m betting on. If I’m wrong, then I will take my losses.


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