11-25-2014 Trading Journal

Dear reader…

Due to minimal traffic, I’m no longer copying and pasting my daily post from Tradingmytwocents.com to here.  If you are still interested in following my posts, please click here to read.

I’ve an enjoyable times posting here at ibankcoin.com and have learned quite a few things.  I’ve also evolved as an investor/speculator from my times posting here.

It is my belief that writing a daily journal on your trading (private or public) will improve your trading experience ten-fold.

It has been a nice ride here at ibankcoin.com.

Adio.

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The bull trotted up the hill this time instead of galloping.  I think it is seeing a tree instead of a mate ahead.

While not a big jump, it is a jump nevertheless.

Again, my port continued to drift lower due to $LRAD short-term trader bailing out the boat.

However, I’m still undaunted ’cause I believe in their products and their upcoming large sales in 2015.  I even added some more with remaining cash.  So far, price is still being supported by the 79 & 89 MA lines.  Let’s see if it can bounce from here.

$DMRC has a small bounce off the 79 MA line support.

This is a good sign. Let’s see if it will bounce higher from here.

$ORBC continued onward as well.

Price is beginning to move away from the 79 & 89 MA support lines.  I can see the trend will beef up as we move into 2015 when the other eleven state-of-the-art satellites are launched and the SkyWave acquisition finalized.

$AMRN gave back some ground today but not much.

I could see price is building a cup & handle pattern here.  A breakout of current consolidation range also means a break out of the 79 & 89 resistances.  I’m looking forward for this breakout; thus, I added more with available cash to round up investment size.

Due to $LRAD drawdown, my port gave back another 1.4% today with YTD gain now at 14.4%.

Current holdings:

LRAD, DMRC, ORBC, AMRN (100% invested/speculated)

My 2 cents.

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The bull is now galloping as a faster pace.  I think it is seeing a mate ahead…

While a red bar, you can’t dispute the upward momentum.  This spike up is telling.

Two of my biggest holdings were down today- $LRAD and $DMRC.

Despite a great future prospect, day traders decided it was not worth the trouble to hold- mainly because the potential mass notification sales to the large Middle-East cities have been pushed to Dec-Jan time frame.

Again, I would not let the short-term trader dictate my long-term view.  To me, my expectation of a great run-up will have to wait; this I can do.

$DMRC continued to head lower and penetrated the 79 MA line.  It might have to do with the VP- Marketing leaving.  The way I see it, VP-Marketing leaving can be many thing besides that poor sales effort.  It could be a take-over being imminent, the same as $ORBC.  Except in this case, $ORBC is taking over someone where as $DMRC may be taking over by someone.

But again, possible theories is part of the risk in holding stocks.  I’m holding to see if my take-over theory is correct; after all, I believe they have a very strong IP technologies for the future direction we are heading into.

$AMRN had a strong showing with an up bar that put it in a position to penetrated the 79 MA line in the next move up.

If price can move higher, I may add more with remaining cash.

$ORBC bounced some and that was a good sign.

Due to $LRAD and $DMRC being large positions, my port gave back 2.8% with YTD gain at 15.8%.

Current holdings:

LRAD, DMRC, ORBC, AMRN and 5.1% cash.

My 2 cents.

 

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Like a basketball underwater, the bull popped right back up after opening lower.

It’s all good looking from here.

In a “you’ve got to be kidding” mode, $DUST opened lower and dropped even lower from the wave of selling.

“Wait, there are no inflation… why are you dropping?”

Supply and demand are the reason.  There are pending demand for gold, possibly from the Far East so they said.

Who am I to argue against a price drop of $DUST?  I’ve neither conviction nor a strong opinion of gold direction, I bought $DUST ’cause it was bouncing off the 79 MA line and it worked out great yesterday.  But with no follow-thru today, I would not fight the trend or the reason/rational for the fall.  So, I took profit when there were still some on the table.  Moving on.

Meanwhile, the rest of the stocks were basically neutral, so I’m not going to put up charts.  $LRAD earnings is positive. While the after hour price action was higher, I prefer to wait until tomorrow morning to see the real action.

Due to $DUST taking a hit that took away a chunk of my gain and correction from $LRAD, my port gave back 1.6% for the day.  YTD gain is now at 18.6%.

Current holdings:

LRAD, DMRC, ORBC, AMRN and 5% cash.

Yes, I’m still holding $MCIG with my other account.

My 2 cents.

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A small hiccup, nothing to write home about, was all that happened to the bull today.

Price is still on top of the 5 MA line.  The bullish trend is still intact.

The correction today on my port was expected after the spectacular up day yesterday.

When $NUGT opened lower, I watched the opening range to see where it would go.  But when price started to trade down to the lower boundary of the opening range, I did not like the “sense” I was picking up.  I checked the $DUST chart, the counter-party to $NUGT, to see how price was trading.  I was surprised to see that price was bouncing off the daily 79 MA line.  Knowing that this support line is powerful, I did not want to challenge it; thus, I sold $NUGT to lock in gain even before it broke thru the lower opening range and immediately bought $DUST for the bounce off the 79 MA line.

The trade became profitable not long afterward; however, price began to gave back earlier gain going into the Fed release of the minutes.  While I was still in the money with $DUST, I decided to hold thru the Fed release ’cause I didn’t see why the Fed would change its mind to start buying bonds again when oil price has been careening down for the last four months. Needless to day, I was corrected to hold.

Price bounced off nicely off the 79 MA line and I’m glad to see price closed above the 89 MA line as well.  Let’s see if this one can bounce further tomorrow.

Despite a down day, $LRAD was holding its ground very well after the yesterday big up day.

Tomorrow after hour will determine if price can continue to rocket higher from here.

$AMRN also corrected.

What bother me the most is that price is now banging its head against the 79 & 89 MA resistance lines.  I like to see price climb over it and stay above it for the bull thesis to be strong.

$ORBC also recovered nicely after bouncing off the 79 MA line.

There is really nothing to do now but wait for development.  I’m in this one for the long haul.

Lastly, $DMRC corrected some more.

Price is now at the 79 MA support line.  I like to see this support hold.

Due to $DMRC drawdown and minor corrections from $AMRN & $LRAD, my port gave back 2.3%.  YTD gain is now at 20.2%.

Current holdings:

LRAD, DMRC, ORBC, AMRN, DUST (100% invested/speculated).

My 2 cents.

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Alrighty! Finally, the bull perked up and started to gallop up the hill…

Now, the chart looks unarguable bullish.

And my port could not agree more!  Today is one of the best up days for my port.  Three positions were up more than 10+% and only one that was down slightly.

The largest gain came from $LRAD since it is my largest position.

Look at that beautiful solid green up bar with higher than average volume.  And we haven’t even heard the earnings call yet.  If, a big IF, the earnings call and future guidance are positive, there are a lot more room for this to go up.

Man oh man, am I glad I bulked up on $AMRN last Friday with proceed from $URA.  $AMRN continued to surge ahead with super high volume.

What I like about the chart is that price is now penetrating the 79 & 89 MA lines to get back on the top side.  If momentum can continue tomorrow, the 79 & 89 MA lines will become supports.  Fundamentally speaking, there are more good news regarding the superority of Vascepa Omega-3 pure EPA.  I might just be able to recoup all my prior losses on $AMRN and make even more money with this one if this momentum can continue onward.  If that is the case, this disaster for the last two years will be a blessing in disguise ’cause it gave me the opportunity to load up under $1.00 in a way that I could not do if FDA had been favorable to $AMRN from the beginning (two years ago).

Did I catch the bottom for $NUGT finally?  I hope I did.

Price continued to bounce higher after a gapped open.  While I didn’t buy at the bottom, I’m just glad to catch the start of the momentum last Friday with the proceed from $URA.

$DMRC, while up slightly, still performed admirably against the bear attack by closing on the positive side.

I like the green bar riding on the 89 MA support line.  It sure looks like it is going to bounce from here.

With $LRAD up 13.9%, $AMRN up 23.4%, and $NUGT up 14.6%; my port gained a fantastic 9.5% for the day.  My YTD gain is now at 22.5%.  And it is not even Thursday yet.  If $LRAD earnings is leaning on the positive side, there are more gain to be had before the year is over.

Current holdings:

LRAD, DMRC, ORBC, AMRN, NUGT (100% invested/speculated).

My 2 cents.

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Oh no… another week of meandering bull movement.  Did you bring your pillow?

While price is maintaining status quo, the oscillators are beginning to turn down.  Will there be a catalyst this week for an aggressive bull?  Yes, we need an aggressive bull pronto!

Today, from my port, one stock went down ($DMRC), one neutral ($ORBC), and the rest were up.

My decision on Friday to sell $URA to lock in gain and then allocated fund to $AMRN and $NUGT proved to be the right move.  $AMRN was up 12.63% today.

Now, price just needs to take out the previous high of $1.10 from Oct 22nd to start a bullish trend. I’m sure glad I bulked it up Friday.

$NUGT continued to bounce higher after a negative start.

What I like about the chart is the the 5 MA is about to cross over the 15 MA line.  We will see if that is going to happen tomorrow.

$LRAD bounced today to begin the week.

This Thursday after hour will be the earnings call.  That day will decide if I’ll have a spectacular return on my port for the year 2014.  If not, then I’ll have to make do in 2015.

$DMRC continued to correct.

Currently, price is settling at the 89 MA support line.  As far as I’m concerned, the bull is still intact.

$ORBC being neutral, I’ll skip the chart.

Thanks to $AMRN spectacular run-up and the gains from $LRAD and $NUGT, my port gained 1.1% despite drawdown from $DMRC.  YTD gain is now at 13%.

Current holdings:

LRAD, DMRC, ORBC, AMRN, NUGT (100% invested/speculated)

From my other account:

Yeap, still holding $MCIG.

My 2 cents.

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Since this week had been a slow week in term of bullish momentum, it is better to show the weekly chart just so you can see the up movement.

There you go.  An up bar.  From the daily chart, you can hardly see the move…

Today, I decided to take profit from $URA bounced-back rally so I could allocate fund to $NUGT and $AMRN.

Don’t get me wrong, I’m still bullish with $URA except that I felt the potential for a stronger bounce can come from $AMRN and $NUGT which are in the process of forming a bottom.  $URA, meanwhile, had already made an initial bullish drive in the last six trading days.

Can $URA go higher?  Sure, but yesterday big down day tell me it may be a rocky ride from here.  Today bounce simply gave me an opportunity to lock in gain first.

Before I bought $NUGT near the end of the trading day, I had been daytrading $DUST.  Every dips I bought could not bounce well.  Even by the last hour before closing bell, the time when $NUGT would usually give back decent size gain, $DUST could not sustain a bounce.  I was racking up tiny losses buying $DUST.  By then, I realized $NUGT was holding its ground solidly.  I checked $URA price and it was printing $13.96 and then I checked $NUGT which, by some miraculous design, was also printing $13.96!

“That’s my clue!”

I immediately sold 50% of $URA and bought the same number of shares in $NUGT.  $NUGT went on to reach the high of $14.20 but settled down to close $13.93 which was right around the corner of $URA closing price of $13.96.

The daily chart of $NUGT above showed a very strong bullish engulfment bar with higher than average volume.  The fact that today was a second attempt to rally hard after the first attempt failed 6 trading days ago is a testament of the bull resolve to bounce.

From the weekly chart above, the last two green bars with high volumes told me that the probability of a bottom is high. There were lot of buyers in the last two weeks!

Then I decided to check the weekly script # for $AMRN.  9,880!  Only 120 to hit 10,000 weekly. While I already have a position on $AMRN, I decided it was time bulk it up for a possible bounce.  So I sold the remaining shares of $URA to do so.

The above daily chart showed that $AMRN had been rallying since Tuesday albeit on less than average volume. Nevertheless, I’m motivated to add more due to the weekly chart below:

$AMRN has a decent green bar with volume that is comparable to the last six weeks.  It is enough for me to bet on a possible bounce from here.

$LRAD was practically neutral for the week albeit a slightly down week.

There is nothing to drive $LRAD until the earning announcement and future guidance come out late next week.  I’m locked and loaded on this one.

$DMRC did not have a good week since the weekly red bar below is not an appealing bar at all.

However, the positive side is that price is still above the 5, 15, 79 & 89 MA lines.  So, I’ll call this a “resting” week for $DMRC.

$ORBC has a solid up week with very high volume.

From the weekly chart above, I’ve to say that $ORBC is gearing up for a major rally.  Did you see how the price had been bouncing off the 79 & 89 MA lines for the last eight week?  These 79 & 89 MA lines are powerful support lines and have been proven to be a dependable launching pad for strong rally.

Due to $DMRC down day, my port gave back 0.4% for the day (thanks to gain from $URA to cushion the draw down),   YTD gain is now at 11.85%.

Current holdings:

LRAD, DMRC, ORBC, AMRN, NUGT (100% invested/speculated)

My 2 cents.

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Ever so gently, the bull ignored the southern wind and trotted ahead anyway.

It is definitely a neutral week so far.

Today is the correction day for my port.  All positions except $AMRN were down.

$LRAD pretty much gave back yesterday gain.

Price is still finding support at the 79 & 89 MA lines.

$DMRC also gave back gain from two days ago.

Price is now consolidating above the Fib 21.6% retracement level.

$ORBC correction was more gentle than the others…

While down, it is still a bar with higher high and higher low.

$URA had the worst of the four down position.

While it was tame yesterday, today was anything but tame.  It was brutal.  Price broke below the 79 & 89 MA lines and is now heading to “fill the gap” from three days ago.  Since I wasn’t watching the market during the day, there was nothing I could do.  If uranium spot price continues to stay high, I will hold on to this a bit longer.  While I gave back a chunk of gain, I’m still in the money for now.

$AMRN stood alone with a gain in my port.

I put the remaining 0.8% cash into $AMRN when it opened higher.  It is looking good so far.

Due to corrections all around, my port gave back 3.5% (practically all of yesterday gain plus some).  YTD gain is now at 12.3%.

Current holdings:

LRAD, DMRC, ORBC, URA, AMRN (100% invested/speculated)

My 2 cents.

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Due to the lack of urgency in the bull’s frame of mind, the southern wind took the opportunity to guide the bull in the wrong direction in a subtle way…

There is a slow curving back to the downside and it is important that some bullish catalyst kick in soon to push the market higher in a big way to get the momentum going.

$LRAD finally kicked in to contribute to the upward growth of my port.

Today bar was a very strong bullish engulfment bar.  Let’s see if the momentum can continue onward this week; perhaps take out the $3 resistance once again.

As if working in tandem, $DMRC took a breather while $LRAD grabbed the baton and ran with it.

Although $DMRC corrected slightly, the overall tone is definitely bullish here.  I see that it is preparing to break out of the $30 range soon.

$ORBC performed brilliantly again.

Price continued on higher.  I’m expecting the $7 resistance will be taken out soon.

$URA continued to rest a little more after two big up days.

From the chart, the corrections were quite tame so to speak.

Seeing that I’ve some cash available, I decided to buy back some $AMRN for the bounce.

Simply because price took out yesterday high, I saw a high probability of a bottom being developed here. Since this position is relatively small compared to the other four in my port, I may just hold on to it without trading in and out like I used to.

Thanks to $LRAD generous gain (remember, this is my largest position in the port) and $ORBC up bar, my port gained another 3.2% with YTD gain at 15.8%.

Current holdings:

LRAD, DMRC, ORBC, URA, AMRN and 0.8% cash.

My 2 cents.

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