Run!
Run I did; but on the same path as the bull.
I bought back my CCJ as well as half of AMRN I sold this morning.
I also added to my SZYM and bought WPRT.
Oh yeah, I still have my GLOG which I did not touch.
I’m now 52% invested with 48% cash.
But if this bull turn out to be just jumping up from a bad dream; then I will be quick to get the hell out of my position.
Time of day turnaround signal can be gleamed around 02:30 pm EST which is about now. We will soon find out if this bull will get up and run again or the bear will simply continue the destruction it started this morning.
Good Luck to All!
Below is the daily chart for WPRT. Notice the support near the 79 ma. This is a close call and can be considered as a bottom-picking buy (aka catching the falling knife play).
One more thing, if you look carefully at the chart, you may notice a head & shoulder formation which is essentially a bearish signal for WPRT. However, I like to see the neckline as a support first and see if price will bounce from here. If not, I will bail out when price takes out yesterday low in the near future.
Happy Hunting!
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Reduced position size on CCJ by 3/4 since it was going the other way of my entry price to keep losses small.
That’s a crazy ass color palette on your charts there Zenny!
Is that good or bad? I’m experimenting with the colors besides the boring blue. Please let me know your feedback. TIA!
I feel like, if your computer is brown, and your office smells of scotch, it’s perfect.
But seriously, whatever floats your zen!
“If your computer is brown…”
You are being kind… frankly, I’m not too thrill with the color either after seeing it on the post. Going back to the color board… Thanks!
In the meantime, blue it is!
Your cryptic key words (brown, smell, float) did the job! lol!
You are a “real” Sherlock Holmes fan after all! Thanks again for an honest feedback.
Flat on CCJ for small losses.
Added to AMRN (now 13% of my portfolio)
Trading journal update:
Sold all my SZYM to cut losses.
Sold all WPRT to lock in gain.
Moving on.
Sold all GLOG since it took out the low of last Thursday. Will look to buy back.
Sold 75% of AMRN to lock in profit. Will look to buy back.