iBankCoin
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

09-03-2014 Trading Journal

Today a tidal wave of cold water splashed across the private fences and wetted practically everyone on the lawn.

SPY_Daily

Thus, the jolly mood was ruined for some while others opened their arms to welcome the sudden cold water shock over their whole body.

Not unlike the party-goers above, I’ve got three turning reds while the other twos enjoyed their green lawns.

$LRAD hit the ground running hard.  Price shot up to the high of $3.88 before being hit by the tidal wave.

LRAD_daily

What we ended up with is a bar with a tall tail on the northside.  I never like this kind of bar for it has the potential to call for a top.  However, this type of bar needs to be confirmed before it can be considered a top.  There has to be lower-low bars following today bar to signify a downward bias.  Until then, the bull trend is still on.  Price can easily trade inside today bar to build another consolidation phase before heading up again.  Let’s see how price trades tomorrow.  While gave back a lot of gain today; $LRAD still managed to keep its head above water despite the tidal wave.

$HYGS also continued to bounce.

HYGS_daily

Giving today situation, its ability to stay green reflected a bullish stance.

Unfortunately, $DMRC, $ORBC, and $AMRN could not handle the cold splash so they all went negative.

Thanks to $LRAD and $HYGS for being in a good mood, my port gained 0.9% with YTD gain at 17.9%.

Current holdings:

LRAD, HYGS, DMRC, ORBC, AMRN (100% invested/speculated)

From my other account:

Due to tidal wave, I dumped $IBIO for tiny losses.  Still waiting for Health Canada approval for $FITX.

My 2 cents.

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