Today was a quiet day.
Market opened up, did a hiccup, then went higher.
As for me, my luck did not continue when $NUGT gapped down at the open. I practically gave back my gain I made yesterday. Today was the day when the bullish engulfment bar from yesterday did not follow through; but guess what, I’ll do it again next time simply because statistically speaking, it has a good chance to continue. So, today non-follow-thru is just another statistical event that I’ve to accept. Later, I bought back for bounce play but got stopped out at breakeven; afterward, I left it alone. Best to let this one settle for now.
Meanwhile, after seeing that $CERS did not do a gapped down or waterfall prices that I fear yesterday, I bought back my shares in the morning.
Since $APRI price action took out the high of Feb once again, I added more. With the prospect of a takeover, there may still be room for speculation to drive price action up; however, this is still a high risk play.
I also added to $DNN to take advantage of the mini-correction today. No, it wasn’t a average down ’cause I am still in the money.
By and large, I’ve pretty much concentrated my money into seven stocks with only 29% cash.
Out of the seven, $CERS, $APRI, $DNN, and $GLUU are swing trades.
I’m going to wish myself good luck from here.
AMRN, LRAD, TINY, CERS, APRI, DNN, GLUU and 29% cash.
My 2 cents.
The trades I made in the journal were time-stamped in twitterIf you enjoy the content at iBankCoin, please follow us on Twitter