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Monthly Archives: May 2014

05-29-2014 Trading Journal

Market continued to move higher after a pause yesterday.

SPY_Daily

Look like we have another rally May instead of a “sell in May and go away” month.

Today I sold $AMRN to lock in gain as well as some $BIOS.

I sold $AMRN ’cause there was no follow up to the rally yesterday.  Not long before close yesterday, there was a high volume sales that was as large as the afternoon spike which sparked my interest in buying more.  After noticing the big volume sell off, I concluded that the original large order spike must had been an input error on the part of the trader/fund.  Before closing, I’m guessing that the same trader/fund must have dumped the shares to correct the error.  With this assumption, I sold $AMRN when I found price could not hold $1.47 after some attempts in the morning.

AMRN_daily

By day close, $AMRN formed an inside bar which could be either a pause to the upside or a potential topping before heading back down.  I’m staying on the sideline for now.

Seeing that $BIOS could not move much in the morning and the S&P500 was struggling to stay positive, I decided to sell off the $BIOS position even though I thought it would be a good bounce from here.  If the market correct, $BIOS would surely go down quickly with it.

I was proven wrong when price took out the opening range to the upside.  Upon seeing the breakout, I bought back 50% of my original $BIOS shares.

BIOS_daily

Price closed with a doji bar.  Let’s see if this is a pause bar or a setup for a reversal.

$DMRC bounced back some today as well as $KGJI.

KGJI_daily

I like to see today pattern as a confirmation of $KGJI starting the 3rd wave of the 5 waves Elliott Wave pattern. In other words, $KGJI is going to take out the resistances ahead and rally hard since the 3rd wave of the Elliott wave is usually the longest wave of the 5 waves pattern.

Despite minor corrections from $LRAD, $SEED, and $DNN, gains from $DMRC and $KGJI more than offset the losses and my port remained slightly positive (close to breakeven) for the day.  In summary, my port did not move much today except to stay on the positive side.

Current holdings:

LRAD, DMRC, KGJI, SEED, BIOS, DNN and 20% cash.

From my other account:

Since I didn’t have $FITX to tie up my cash, I decided to venture in $NVLX. I’d been eyeing this one for awhile but didn’t want to get in until the downtrend was stabilized.  Today was the second up day since the downtrend so I thought it was time to get in.

NVLX_daily

Price today closed at the 89 MA resistance line but was above the resistance from April low.  If price can take out the 79 & 89 MA lines from here, $NVLX will be heading back up with the possibility of not coming back to this level ever again if their “cell-in-the-box” technology proves to be effective.

$FITX corrected some today.  Even though I don’t have any $FITX now, I’ll be watching it on the sideline.

My 2 cents.

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05-28-2014 Trading Journal

The market took a pause today to enjoy the view of the new frontier…

SPY_Daily

Here we have an “almost” doji bar.  We’ll find out if this a a pause doji or a topping doji by the end of the week.

Today, I had to take a big losses from my $SVBL position ’cause it broke thru below the $0.30 support and I was just getting tired of sitting on dead money for too long.  Ever since I bought $SVBL I had been sitting on red for most of the time I held this stock.  Not only was it not performing, it was tying up money I could use elsewhere.  Thus, when price broker below the $0.30 support, I knew what I had to do.

At first, I unloaded 1/3 of my position and held onto the rest.  Later, when I saw others were dumping as well, I began to unload another third when the bids were still there.  Somehow, once I got the momentum to unload, I felt the urge to unload the rest.  And so I did.  Even though I knew I was taking bigger losses by hitting the bids that were there, I was just glad to be rid of it.  I also knew that I could make my money back by putting the money into more performing stocks.  I figured I probably lost 30% of my principle in this $SVBL position.  Oh yeah, now that I was out, I’m sure this stock will now fly off to the moon. Why do almost everyone thinks like this?

SVBL_daily

See how price broke thru the long-term support that went all the way back to March of 2013.  For all intent and purpose, I did what I had to do based on one of my trading discipline- cut losses, regardless of how much losses you may end up with, when price broke thru long-term support.

I used some of the proceed to buy more $BIOS.

BIOS_daily

$BIOS broke thru the long-term resistance and stayed above it.  I wanted to add more so I used the proceed from sales of $SVBL to buy more.  If $BIOS management can grow revenues from here, I can easily make back money I lost from $SVBL.

I also sold $CLDX to lock in profit and to use the fund to buy more $AMRN.

AMRN_daily

$AMRN spiked up hard in mid-day as you can see in the 5 minute chart above.  Although there were a similar high volume sell-off near the end of the trading day, it was not enough to tank the price back down to the opening range.  Let’s see if there is continuing momentum tomorrow.

Thanks to $SVBL, my port dropped 2.6% today.  YTD gain is now 4.4%.

Current holdings:

LRAD, DMRC, AMRN, BIOS, KGJI, SEED, DNN and 2% cash.

From my other account:

While witnessing the continued rally of $FITX since I sold, I steadfastly refused to chase it.  Oh well, either I missed this boat or I save myself the headache of a gapped down stock price in the future.

My 2 cents.

 

 

 

 

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05-27-2014 Trading Journal

Up Up and Away Part 2.

SPY_Daily

Did you see today bar on the chart?  It sure looks like a wide open space in the new frontier.

I used the last remaining cash to buy $BIOS today.  I’ve been eyeing $BIOS on and off and I believe now is the time for me to take a position for a ride back to the top.  $BIOS has been working on creating synergy in their acquisitions and I believe they’ve finally succeeded in doing so.  Their recent earning transcript convinced me that they are now on the path to profitable future.

BIOS_daily

Based on the chart, today price action took out the resistance during the day.  Although I bought in after they took out the resistance, price fell back below resistance at closing bell.  Nevertheless, I’m continuing to hold for more bounce down the line.  Also, notice that the 79 & 89 MA lines are now converged together into one with price closing above it today. This is very positive chartwise. This may also be a long-term hold if management can keep growing their business.

$FSLR disappointed today with a  low percentage increase so I sold it for small profit and moved the proceed over to add more $AMRN, $CLDX, and $SEED.  I’m now back to 100% invested/speculated.

Except for $SVBL and $SEED which turned slightly negative for the day, the rest of my portfolio enjoyed gains which pushed my port up 1.3%.  YTD gain is now 7%.

Current holdings:

LRAD, DMRC, SVBL, KGJI, SEED, AMRN, CLDX, DNN, and BIOS (100% invested/speculated)

From my other account:

I’m still holding off from going back into the cannabis market.  I’ll wait and see.

My 2 cents.

 

 

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05-23-2014 Trading Journal

Up Up and Away!

SPY_Daily

Yeap, that was what the market did today. When you look back to the beginning of May, you may realize that “sell in May and walk away” doesn’t apply for 2014 as well.  Ok, I may jump the gun a bit since there are still four trading days left for the month; however, the market will have to fall hard the next four days to prove the “sell in May” theorem.  I can’t say the odd is against a falling market since the $SPY is now touching the upper band of the Bollinger band; but the after hour SP500 being up 6.95 currently tells me the bull is firmly in charge right now.

I bought $DNN today ’cause I was looking for a bounce.

DNN_daily

The 5 MA line is hooking back up and the momentum indicators below also tell me that price may be about to bounce.  I’ve my mental stop below the low of $1.14.

$DMRC took a small pause after yesterday bounce.

DMRC_daily

Price is now resting at the 79 MA line which is also a good support.  If price takes off from here, it will be a breakout of the downtrend line from the recent symmetrical triangle.

$KGJI continued to correct a bit but the fall is decelerating.

KGJI_daily

The “almost” doji looking bar is a small range bar and it may be a potential bottom from here.  Notice that the low of the day landed right on the 61.8% Fib retracement from recent low to recent high.

$AMRN looked good today with a nice bounce.

AMRN_daily

However, price needs to climb back above the resistance at $1.36 first.  Let’s see if this can happen this week; $AMRN will need a strong script number from last week to make it happen.

$LRAD bounced off the 15 MA line and closed back above the 89 XMA line.

LRAD_daily

I say it looks good from here.

Due to small corrections from multiple positions, my port dropped 0.66% today and YTD gain is now 5.7%

Current holdings:

LRAD, DMRC, SVBL, KGJI, SEED, AMRN, DNN, FSLR, CLDX and 4% cash.

From my other account:

I got cold feet and decided to sell all my $FITX after the morning bounce.  While $FITX is definitely laying down ground work for a strong future ahead with high caliber directors; there is still an unknown “waiting period” for the Health Canada licensing approval.  The longer we don’t hear anything about the HC, the harder it is to support current price and market cap.  Thus, I’m foregoing possible run from here to play safe with my cash.  I’m looking to buy back $FITX at lower price if possible to reduce my risk exposure.

My 2 cents.

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05-22-2014 Trading Journal

The bear tried to slam the ball back to the bull but hit the net instead.

SPY_Daily

Thus, the bull continued onward today and is outside the consolidation range once again.

I’m not sure if I’m obsessing with $AMRN or simply sensing that a bottom is about to set in.  The fact that I’m still taking Vascepa everyday for the last 15 months straight may have something to do with my continued interest in $AMRN.  In a subtle way, my body welcomes the Vascepa intakes and I’m feeling good taking it. So that is that.

AMRN_daily

Price looks like it may bounce from here.

$DMRC bounced back up from the 89 MA line!  If you haven’t caught on to the magical power of the 79 & 89 MA lines by now reading my journals, you are missing the picture here.  Granted that it is not 100% guaranteed to bounce from these two MA lines, but the probability of the bounce is so strong that you are skipping over a powerful tool if you don’t incorporate it into your trading system.

DMRC_daily

Today bar can be called a bullish engulfment candlestick pattern.  Let’s see if momentum can continue upward from here.

Despite a strong bounce from $DMRC, continued corrections from $LRAD and $KGJI ate away some of the gain.  Thus, my port only gained 0.77% for the day.  YTD gain is now about 6.4%.

Current holdings:

LRAD, DMRC, SVBL, KGJI, SEED, AMRN, FSLR, CLDX and 9% cash.

From my other account:

$FITX continued higher after forming the strong bullish engulfment bar yesterday.  This is a good sign.

FITX_daily

Let’s see if it can continue the momentum tomorrow.  Nevertheless, we need to hear about the licensing approval soon or the price may start to drip back down.

My 2 cents.

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05-21-2014 Trading Journal

Ping pong anyone?  That what the market wanted to play.

SPY_Daily

In response to the ball from the bear, the bull sent it right back.  Chart actually looks encouraging for the bull since price closed above the resistance.  Now, i would not be surprise if tomorrow is a down day.  After all, it is the game of ping pong we are playing.

Today, I bought a position on $CLDX, a stock I used to trade successfully when it was under $6.  After missing the whole ride to the top of $38 and changes, I’m now giving the opportunity to catch the ride at this level.

CLDX_daily

Looking at the chart above, we find support that goes all the way back to May of last year. I’m betting that today mini-bounce will turn into the next leg up to start the 3rd wave of the 5-waves Elliot Wave theory.  If it takes out the high of the 1st wave, I may add more if I’ve cash left.

Next, I bought $FSLR.

FSLR_daily

Did you see the support that goes all the way back to May of last year?  There are also strong supports at this level back in Jan and March of this year.  Thus, the odd of bounce is pretty good.

$DMRC dropped some today and price is now at the 89 MA support line.

DMRC_daily

I like to see the support hold and price bounces off from here.

$LRAD corrected a bit after three days of rallies.

LRAD_daily

Price came back down to support.  Let’s see if it can bounce tomorrow.

Due to drawdown from $DMRC and $LRAD, my port dropped 1.4% today.  YTD gain is now around 5.6%.

Current holdings:

LRAD, DMRC, SVBL, KGJI, SEED, FSLR, CLDX and 13% cash.

From my other account:

$FITX opened lower and I was tempted to buy bottom.  But I decided to wait instead of catching a falling knife.  Later in the day, price began to climb back quickly above $0.05.  This convinced me that the buyers were coming back.  I began to buy back some position.  Even though I wasn’t buying below $0.05; I was still paying less than what I sold for earlier.  As long as the momentum continues to head back up, it doesn’t matter that I didn’t buy it at the bottom.  I’m buying the momentum that gives me better odd of riding the trend.

FITX_daily

Today chart shows a very nice bullish engulfment candlestick bar.  If they announce news of license approval, today low will become the bottom.

My 2 cents.

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05-20-2014 Trading Journal

Just when you thought the market might make another attempt to break out of resistance, it went the other way once again!

SPY_Daily

I believe the market is range-bound currently.  It will probably be trading inside the range for the duration of the summer.  Time to brush the dust off the “range-bound” trading strategy book to refresh my memory.  Basically, in a few words, take quick profit when you see it, forget buy and hold for now.

Not so fast!

I’m still going to be holding $LRAD, $DMRC, and $SVBL for long-term since these are event-play.

Today, I didn’t do much except to take small losses on my $CARA and $CCJ trades I bought yesterday.  I also tried bottom-fishing on $AMRN but got out by day-end since it could not hold $1.30 support.

Meanwhile, my port is taking a 1.75% dip from corrections of $DMRC, $SVBL, $KGJI, $LRAD plus day-trading losses from $AMRN, $CCJ, and $CARA.  YTD gain is now a bit over 7%.

From other account:

Mostly cash. Out of $FITX since yesterday. I may engage in short-term swing trading or day-trading with this margin account to see if I can trade the range-bound market.

My 2 cents.

 

 

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05-19-2014 Trading Journal

Market continued the bounce from last Friday.

SPY_Daily

Even though the DOW was up slightly, the S&P500 looked pretty good on the chart.  Price is now near the top band of the consolidation range.

$AMRN made new low and I saw no reason to hang around holding my position anymore.

AMRN_daily

The new low was disappointing ’cause I didn’t think it could go that much lower.  Oh well, I took my “new” losses and moving on.

Later on, I noticed that $CCJ was trading near a low that has strong support going all the way eight months.

CCJ_daily

I bought a starter position to test the water with a hard stop below recent low.

I’m also seeing the same strong support in the $14 range for $CARA.

CARA_daily

Did you see how price traded near the $13-$14 range that goes back to February?  I also bought a starter position for the bounce.

$LRAD continued to excel by taking out the upper band of the consolidation range.

LRAD_daily

By doing so, it also took out the 79 MA line.  Let’s see if this one can take off from here in a big way.

Thanks to gain from $LRAD & $SVBL, it was enough to offset the losses from $DMRC, $KGJI, $SEED & $AMRN to keep my port at breakeven.

Current holdings:

LRAD, DMRC, SVBL, KGJI, SEED, CCJ, CARA and 16% cash.

From ,my other account:

$FITX opened down and I immediately unload my positions pieces by pieces.  When I looked back at it, I scratched my head on why I even bought it back last Friday for the bounce.  I sold it last week ’cause I felt the price would have a hard time going up due to $FITX having to apply for zoning permission to increase the size of the production facility.  And yet, on the next day, I completely forgot the reason for it and bought back for the bounce.  Today, I paid the price for forgetting…  Oh well, moving on.

My 2 cents.

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05-16-2014 Trading Journal

Market bounced back some today.

SPY_Daily
If you look at the trendlines right below today low, you will see that even though price was down the last two days, the market is still in an interim uptrend simply because today was a bounce day.

$KNDI opened lower so I decided to sell my position to take small losses instead of riding it. I was looking for a continuing upward momentum and since it didn’t happen, there was no need for me to hang around.

$KGJI, on the other hand, opened strong and rallied hard early in the morning.  Naturally, I added more looking for $2+ in the near future.

KGJI_daily

Volume was very high today and price gave back gain from the morning spike.  Nevertheless, it was still up for the day for a healthy 22.5%.  While I added more at higher price, I’m still up on this position overall.  Price is now stuck inside the 79 & 89 MA lines, I like to see price climbs out of this support and rally forward.

$LRAD spiked nicely later in the day.

LRAD_daily

Price is now trading at the upper band of the consolidation range.

$SEED began to bounce again waiting for the prospective buy-out result.

seed_daily

Price is now trading above the 79 & 89 MA lines.  It is looking good from here.

Even with a minor correction from $DMRC, thanks to rallies  from $LRAD, $KGJI, and $SEED, my port is up 1.8% today.  YTD gain is now 9%.

Due to $LRAD spike up today, it is now the largest position in my port with $DMRC coming in second.

Current holdings:

LRAD, DMRC, SVBL, KGJI, SEED, AMRN and 11% cash.

From my other account:

After watching price collapsed below $0.06 in mid-day, I began to look for price to settle to buy the bounce.  When I finally saw the 5 min. bullish engulfment candlestick pattern being developed, I began to buy back shares.  By the time I was done, I bought back about 70% of my original size.

FITX_daily

You can see a lot of support at today low by looking at the chart.  This was why I’d no qualm buying the bounce today.

My 2 cents.

 

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05-15-2014 Trading Journal

Well well well, the newly minted support could not hold and price fell thru its like it was made of paper.

SPY_Daily

Price began to bounce around mid-day in a slow ant manner.

Naturally, I added to $TZA when price bounced higher.  I then set the hard stop to below intra-day low.  It never hit so i moved the stop to my entry point.  I was making nice dough early in the day;but by afternoon, most of my gain was gone.  My breakeven stop to my adds was hit and when time was near the closing bell, I sold the rest of my $TZA for breakeven as well.  While the S&P500 bounce was not great but it was firm; thus I decided to cancel my $TZA trade.

$KNDI was behaving nicely later in the day by heading back to positive territory so I decided to buy back starter position with the available cash.

KNDI_daily

Price looks like it is ready to bounce again. I’ll add if price heads higher tomorrow.

$AMRN took a hit today and I added a bit more ’cause I believe price will head back higher in the long run.

AMRN_daily

Notice that price is now nearing the support that started back in November of last year.  If that support doesn’t hold, I may have to think about cutting losses.

$DMRC was surprisingly strong today despite a down day.

DMRC_daily

Price closed higher than the down line and it is looking good for a next leg up.

Despite $AMRN big drop today, rallies from $DMRC,and $LRAD offset the losses from AMRN and $SVBL to come out at breakeven for the day.  YTD gain remains at 7.2%

Current holdings:

DMRC, LRAD, SVBL, SEED, AMRN, KGJI, KNDI and 14% cash.

From my other account:

I sold the rest of $FITX today.  This whole zoning issues with town people to approve the expansion is becoming a hindrance to higher price.  Better sit on the sideline to see what happen.

My 2 cents.

 

 

 

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