Today was a gold fever day.
Market opened neutral and then took off afterward.
$NUGT gapped up beautifully and I waited. After a couple of bars (5m chart), I decided to take profit before any possible retracement. However, price took off not long after I took profit so I bought my shares back after the intra-day high was taken out. Price was strong in the morning and I was quickly in the money on my re-entry. Later on, I peeled off some shares to lock in profit but I also keep some for a longer-term play. Price continued to stay strong all day.
As a result of my taking some shares off $NUGT, I decided to buy some gold minings stock for replacement. I chose $ABX due to its large size. The chart looked good for a possible near term breakout.
$UNXL was acting positive in the morning so I bought some shares. Unfortunately, price action was not doing well later in the day. I had a mental stop below yesterday low but price did not close below that today. Instead, price recovered a bit so I decided to hold it for tomorrow.
$TSLA price action took out half-way point of yesterday bar, so I closed out my put option for a small losses. Later when price action dropped below $105 (put strike price) and turned negative for the day, I bought the put option back. I’m still holding it for tomorrow price action.
I was watching $CRIS and like the bounce-like pattern on the chart so I decided to buy some for the bounce. I later added more $CRIS when price continued to climb up.
I believe long-term interest rate will continue to go up so I added more $TBF.
$BCRX had a big green bar yesterday but I was suspecting its ability to hold on to the price level. Today proved that price could hold well and not dropped back to the low of yesterday. Therefore I bought a starter position to see if it would take off from here.
$AMRN had a strong recovery today so I was glad to jump back in with my swing trade position yesterday. Whew!
Current holdings:
AMRN, LRAD, TINY, APRI, CERS, DNN, NUGT, CRIS, TBF, AMBA, UNXL, ABX, BCRX and 21% cash.
The trades I made in the journal were time-stamped in twitter
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