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

02-25-2014 Trading Journal

The market took a break today. It didn’t move much.


From the chart above, you could see that price is still above the recent consolidation range; thus the bias is still on the upside.

$KNDI had a wild day today.  It started off going under water and then price jumped up high in the air, pause for a scenic view at the top, and then descended back into the ground in an accelerating manner.


Nevertheless, price still closed above $15.xx as well as being above support from previous high.  While the long-tail doji could signify a temporary top, it is not a top until it is confirmed.  The next few days will determine if price can still bounce from here.

$CERS finally closed above the resistance.


But this might be short-lived since they missed revenues projection and price already dropped 90 cents on the after-hour market.  I’ll be curious to see if price will bounce back in anticipation of the FDA approval.

Since $KNDI dropped back down to neutral for the day by market close and the rest of my positions were in small change mode, my port was pretty much neutral as well.

Current holdings:

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

From my other account:

$FITX continued to correct and I continued to add more to scale-in my position.


See how price bounced back to close at the 15 MA line as well at the uptrend line?  I’m still bullish despite recent correction.

My 2 cents.

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