Don't pay dollar to keep 2 cents when wrong. Cut your losses quickly. Trade what you see, not what you think.
Joined Oct 26, 2011
719 Blog Posts

01-23-2014 Trading Journal

There was no doubt that the market took a tumbling today.  Will it continue tomorrow?  I dunno.  However, a bounce will put a brake to the slide and cushion for next week.  A further slide may trigger panic sellers and start a self-fulfilling prophecy of a downdraft.

Needless to say, I took a bath on $KNDI today.  When price dropped below $13, I was SO tempted to dump my shares as well to lock in profit.  “Remember $LNG!  Remember $CLDX!”  I hollered to my mind which was getting more antsy by the minutes.  And to add more effect, I yelled to myself, “And your timing suck!  Go ahead, sell and you would end up chasing it all the way back above $13!”

It worked!  I did not sell my $KNDI shares and price did close above $13 after the panic drop to $12.60.

However, I did sell 50% of $CERS position to raise cash to buy back $TINY.  For some reason, I do not want to be without this stock.  I can sense something is up with this stock.

Other than that, I just sat tight all day.  Hopefully, some of the 15% of my cash should free up tomorrow from the three days settlement that I can buy back some $GALE and others.

Current holdings:

KNDI, LRAD, SEED, KGJI, CERS, TINY and 15% cash.


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