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

Today Portfolio Adjustment (03-26-2013)

Market opened up today and it slowly climbed its way higher till closing time.

Meanwhile, my “current” favorite trading vehicle $AAPL was not participating in the bull trend but instead played defensive all day.  I bought $AAPL twice and twice I stopped out for breakeven.

$DDD was tracking lower all day until a late stage rally brought the candlestick to look a bit better; thus, I jumped back in with a starter position.  I’m preferring to play $DDD over $XONE because with $DDD there are more cluster of bids in the vicinity while with $XONE I had to look further down to see the bids which often times give me vertigo just to look for bids to get out.  You may see a nice paper profit on unrealized gain on $XONE but the moment you try to get out, you can forget that nice paper gain you see if you just want to get out at market.

$FB was trading around the support area so I bought a starter position with a GTC stop below the low of the day.  My stop did not hit so I’m still in.

$PACB was exhibiting some stability so I decided to buy back some position.

Upon browsing through my favorite stocks to trade, I came upon $CHK which looked like it was bouncing off the previous minor correction; so I bought a starter position and later added some more by end-of-day because I felt the price action was strong.

Take a look at $CHK daily chart below and you know what I mean.


Once I was in $CHK, I naturally checked in $WPRT since it was all related to natural gas.  $WPRT also exhibited a possible bottom so I bought a small starter position to test the water.  See below $WPRT daily chart:


I was tempted to dump $DCTH today but since it was still sitting on the support line, I would give it a bit more time.  See where the closing price just sat on the support created back on early Feb?


This was pretty much a slow day actually even though DOW screamed 110 points higher.  The elephant in the room was that $AMRN continued to trek lower.  Since I already covered this subject on my previous post, I’ll just chalk up today as an uneventual day for me.

Current holdings:


My 2 cents.

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