Today was a bloody day.
Market opened like a jack rabbit and took off without looking back; then it went into a yoyo phase before turning into a waterfall. And it had to happen at the day when I was busy with non-trading stuff!
Everything that could go wrong went wrong today.
$NUGT gapped up and I went for it. It looked good at the beginning but then the rally fizzled. I put a hard stop below yesterday low to give this more room to breath. Let’s see if the rally will continue or not.
Other than that, I came back to my desk with everything falling apart. Lo and behold, I had no choice but to put hard stops to protect myself. $CERS, $DNN, $GLUU were all stopped out for losses. These losses were a bit larger than my normal small losses due to the larger position size.
I also bought $UNXL early in the day to go with the Dev’s thesis. Due to its small float, I’m giving this one a bit more room to work with.
Now, what really threw me by end of the day was the announcement of dilution of $APRI. So much for the takeover rumor. I’ll have to eat that losses tomorrow.
Current holdings:
AMRN, LRAD, TINY, APRI, UNXL, NUGT and 40% cash.
The trades I made in $NUGT were time-stamped in twitter
If you enjoy the content at iBankCoin, please follow us on Twitter
