Today was a recovery day.
Market opened down but the stocks I like showed recovery.
The first thing I did was to dump my $EBAY position to take the small losses. Once that was out of the way, I looked at $APRI.
$APRI showed strength in the morning so I bought back some position I sold yesterday. By day end when I didn’t see surprised waterfall price action, I bought back the rest of the shares to bring my position back to full size.
$AMRN bounced in the morning so I bought a starter position on my swing trade. By the afternoon, I decided to buy back the rest of the swing trade position I sold yesterday. Let’s see if price action will sling back to the upside the rest of the week.
I’ve been watching $NUGT ever since the appearance of the bullish engulfment bar back in May 20th. With an upside momentum today in the morning, I decided it was time to go back in. Bought starter position and added twice. Stopped out on the 3rd add but I bought it back when price action took out $10 resistance line. Let’s see if price will fly up tomorrow (or not).
I think uranium will soon see the light so I added to my $DNN position.
With $TSLA going thru a parabolic move, I’ve been waiting patiently for a big red bar to happen. It happened today so I bought starter position on the June 105 put option. This electric car bubble will either float or sink tomorrow. I placed my bet.
After years of low interest rate, I think it is time for interest rate to raise its head. I took the opportunity to buy some $TBF during today minor correction. If it takes out the resistance line at yesterday high, I will add more.
I bought $AMBA today because I’m convinced the technology behind it will proliferate. HD video in a small chip is the way to go in our near future. I believe this is also one of The Fly’s long position.
AMRN, LRAD, TINY, NUGT, APRI, CERS, DNN, AMBA, TBF and 30% cash.
The trades I made in the journal were time-stamped in twitterIf you enjoy the content at iBankCoin, please follow us on Twitter