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

04-30-2014 Trading Journal

Market continued higher today.


Price is now coming near the resistance again.  Can it bust out to make new high?  It will be interesting.

Again, I was whipsawed by $NUGT.  Somehow, I knew it was going to happen but I bought anyway.  Oh well… moving on.

When market turned south initially after the open, I began to dump $APRI and $CERS to raise cash and reduce risk. I was near 100% invested and I didn’t want to get caught heavily exposed.  I also reduced $AMRN by 60%; but when price began to stabilize and started to move up again, I bought back some $AMRN shares I sold in the morning.

By the end of the day, I noticed that $DNN was forming a bullish engulfment bar at the support level, I saw this as an opportunity to buy some to see if this will bounce.


Notice that big bad green bar that completely engulfed the previous red bar?

Due to correction from $DMRC, $NUGT, and a few others, my port dropped a bit over 1%.  Current YTD gain is now at 6%.

Current holdings:

DMRC, LRAD, SVBL, AMRN, SEED, DNN and 22% cash.

From my other account:

$FITX bounced again due to their readiness to be inspected by Health Canada.  It’s going to be another week or two before we may hear anything.  Patience is required here.

My 2 cents.


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