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

11-20-2014 Trading Journal

Like a basketball underwater, the bull popped right back up after opening lower.


It’s all good looking from here.

In a “you’ve got to be kidding” mode, $DUST opened lower and dropped even lower from the wave of selling.

“Wait, there are no inflation… why are you dropping?”

Supply and demand are the reason.  There are pending demand for gold, possibly from the Far East so they said.

Who am I to argue against a price drop of $DUST?  I’ve neither conviction nor a strong opinion of gold direction, I bought $DUST ’cause it was bouncing off the 79 MA line and it worked out great yesterday.  But with no follow-thru today, I would not fight the trend or the reason/rational for the fall.  So, I took profit when there were still some on the table.  Moving on.

Meanwhile, the rest of the stocks were basically neutral, so I’m not going to put up charts.  $LRAD earnings is positive. While the after hour price action was higher, I prefer to wait until tomorrow morning to see the real action.

Due to $DUST taking a hit that took away a chunk of my gain and correction from $LRAD, my port gave back 1.6% for the day.  YTD gain is now at 18.6%.

Current holdings:

LRAD, DMRC, ORBC, AMRN and 5% cash.

Yes, I’m still holding $MCIG with my other account.

My 2 cents.

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