Today was a “gotcha” day.
Market opened higher and never looked back.
Out of the four chases I bought yesterday, $CERS and $CUR were doing good. I took profit on $CUR when the daily price bar looked like a shooting star in development. Although it hadn’t been confirmed by tomorrow price action, I decided I didn’t want to wait around for it. So I took my money and run. However, $CERS bar looked strong and solid; therefore, I’m holding this one.
Seeing that $MNKD and $KERX were struggling in the morning, I placed a stop losses order on both of them below the intra-day low for protection in case the downdraft persisted. Fortunately, I wasn’t stop out for neither of them.
After browsing the charts, I bought $GLUU, $FB, and $NVAX for the swing trade. By day close, I’m only taking small heat from these positions. I’m going to give them a day or two to see if price action will take traction to the upside.
$AMRN, $LRAD, $TINY continued to rally onward; together with good price action on $CERS, my portfolio continues to march forward.
Current holdings:
AMRN, LRAD, TINY, CERS, GLUU, FB, KERX, NVAX, MNKD & 30% cash.
The trades I made in the journal were time-stamped in twitter
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Still holding FB? Thanks Zen.
Not anymore Jay. I just got stopped out not too long ago. I placed my stop below intra-day low and it was taken out. I posted my activity on twitter in case you are interested. I placed my stop below intra-day low when I saw $FB price action took out yesterday low and bounced. I figured that if the bounce could not sustain, I would cut my loss.