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

02-20-2014 Trading Journal

Market bounced back from yesterday down day and kept the upward momentum intact for the moment.


From the daily chart above, you can see that price is now in a mini-consolidation phase.  I like to see price takes out the resistance above to continue the rally; otherwise, failure to break out of the resistance could result in a downdraft when profit-takers scramble for the door.

Today, except for $LRAD, every stocks in my port bounced as well.  As a result, my port regained most of the give-back from yesterday.

$KNDI continued to maintain attitude near the top range of the consolidation box.


Price closed above the 5 MA line which is good.  Let’s see if price can close higher than the consolidation range by tomorrow to close the week on a positive note.

$CERS bounced  back half-way from yesterday down-day.  Giving tomorrow is option expiration day, I’m sure there will be a struggle for the short to keep price from gaining higher than $7.50 which is the strike price for Feb call option.

Current holdings:

KNDI, LRAD, CERS, SEED, KGJI, MZOR, HALO (fully speculated).

From my other account:

$FITX looked good today.


Giving that the coming weekend is the open house event for investors to take a look at the facility at Lakeshore, Canada; I like to believe that many investors who spend the time and money to travel there will come out satisfy that the facility is the real deal.  With a positive feedback, price may continue to climb slowly from here until the final permit is issued.

My 2 cents.

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