Today was a quiet day.
Market opened neutral with an upward bias and $APRI looked good at the open. It wanted to go higher so I bought some to nudge it along. Nope, $APRI price action collapsed not long after I bought so I sold it to cut losses pronto.
Both $SZYM and $BCRX were under attack from the get go so I reduced my position size on both to reduce risk.
Meanwhile, $CREE was showing strength by taking out Friday high so I added more.
$VECO, unfortunately, was also under attack and price went below the mid-point of Friday bar so I sold to take the small losses.
$CVI showed strength and I added more to get the full size position.
Later, $BCRX was stabilizing and looked like it was bouncing, I bought back a bit to bring my position to 50% of original size. Earlier, I sold down to 1/3 position size.
I’ve been looking at $NFLX for short and today might be the day to start. I bought the June 215 put option to start.
Both $AMRN and $TINY had healthy upside movement today. Let’s see if the uptrend can continue from here.
Current holdings:
AMRN, LRAD, TINY, CVI, SZYM, CREE, GLUU, BCRX and 25% cash.
The trades I made in the journal were time-stamped in twitter
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