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

02-21-2014 Trading Journal

The market reached out to the resistance level but dropped back down to close almost at neutral.


However, by looking at the daily chart above, price is still within the upper range of the consolidation area; therefore, for all intent and purpose, the bias is till on the upside.

Meanwhile, my port also had a minor correction mainly due to $KNDI and $SEED,  Bounces from $MZOR, $HALO, and $CERS helped reduced the correction to a minimum.

Current holdings:

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

From the other account:

$FITX was holding its ground for the weekend open house.  Based on what I read so far, seemed like the meeting went well.  Pictures of the planned building(s) looked good and promising.  There may be a gapped up tomorrow.  If not, I’ll be adding more to take advantage of the inert moment.


From the daily chart above, it is possible that tomorrow price action will take out the resistance of $0.1149 easily.

My 2 cents.

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