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Monthly Archives: March 2014

03-31-2014 Trading Journal

The market finally had a strong up day that did not end up giving back the gain by day close.

SPY_Daily

However, as seen from the chart, it fell short of taking out the upper range of the consolidation range.  Thus, I wouldn’t say we are out of the wood yet.  The next few days will be telling.

This morning, I bought starter position on $SVA and $KNDI and sold $MZOR for small losses.

$SVA opened slightly higher and I bought for the bounce.

sva_daily

We have an inside bar today so that if price takes out today high tomorrow, I’ll add more.

$KNDI also opened higher so I bought a starter position as well.

KNDI_daily

Since I only bought a small starter position, I don’t mind holding even when price was against me at the close.  Price bounced slightly today but the possible of a V-shape bounce is still in the card.

Again, I was lucky to dump $MZOR before the collapse later in the day.

MZOR_daily

At first, price opened higher and I was glad.  However, when price began to drop and did not bounce despite the DOW was going higher, I had a bad feeling so I sold my positions by hitting the bids that were available.  I was able to unload a bit above $21.00 for small losses.   Later, the price dropped as low as $19.53 before bouncing back some.  “Cut your losses” fast always save my day.

The highlight of the day was $CARA which gave me a nice 12.65% up day.

CARA_daily

I like the bullish engulfment bar today with higher than average volume.  Usually, a big bullish engulfment bar can kick start a rally; so let’s see how it goes this week.

$SVBL did not do so well today.

SVBL_daily

It dropped below the range of the last seven days.  Since I’m committed to this one for the long haul.  I’m going to have to take the heat on this one.

$SEED was also bouncing.

seed_daily

I like the fact the price is now trading above the 79 & 89 MA lines.

$AMRN closed lower today but the volume was relatively low compared to last week; so I decided to continue to hold.

Overall, despite losses from $SVBL and $AMRN, gains on $CARA, $SEED, $LRAD and $SVA more than offset the losses and put my port back up a notch.

Current holdings:

LRAD, SVBL, CARA, SEED, AMRN, KNDI, SVA and 32% cash.

From my other account:

Both $FITX and $MCIG bounced only a bit so I won’t bother to show charts.

My 2 cents.

 

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03-28-2014 Trading Journal

The market bounced hard in the morning but went out of air later in the day.  Nevertheless, it still closed up for the day.

SPY_Daily

You could see that it was a soft bounce. We need to see the market bounces hard next week to stop this bear attack from taking over the trend.  Based on after hour market on a Sunday afternoon, look like we may see a bounce coming.  But then, we all know too well that these bounces must stay firm at the close to consider a good bounce.  How the market closes tomorrow (Monday) may determine the tone for the rest of the week.

What I had done today (Friday) was a mixed bag of satisfaction and disappointment.  More like getting satisfaction in the morning and then being slapped with disappointment.

$KNDI opened higher and I immediately added more to average up.  Price continued to head higher and I added more.  By the time price broke out of the $17 resistance, I added even more.  My profit was immediate and it was looking good.  But then price began to correct below $17.00.  I continued to hold to see if it would bounce back above $17.  It did.  I relaxed a bit.  But the hold above $17 didn’t last.  Before I knew it, price fell back down below $17 and I wanted to see if it would re-bounce later; unfortunately, while I was waiting, price began to collapse like a waterfall and before I knew it, I was no longer in the money but was shown a little red.  Without hesitating too much, I began to liquidate some of my position to decrease risk and exposure.  Price continued to head lower and I decided to just dump the whole position ’cause I didn’t like the way price fell down so quickly from the $17.00.  Thus, from the morning of sitting on a nice profit to the liquidation of my position with a small losses, it was quite a ride.  By day close, price closed a bit below my last exit point.

KNDI_daily

See how price collapsed in mid-day in the 5m chart above?  It was a heady ride.  While I still believe in the fundamental story of $KNDI, I’m being mindful of the overall market correction which if the bear wins, everything will go down regardless of fundamental story.

Next, I bought back $SEED, $AMRN, $CERS, and $MZOR positions.

What?! $CERS again with the $40 million  potential dilution?

Yes, I asked myself the same question… but all I could say was that I couldn’t resist the morning chart pattern which was showing a bounce from a “almost” doji bar the day before.  Due to the fact that I closed out the $CERS position (again!) with another small losses before day close, I guess the “almost” doji bar did not offer a good probability here.

I bought $AMRN ’cause the chart looked like a breakout bounce was about to happen.

AMRN_daily

Thursday bar was a bullish engulfment candlestick bar; therefore, I decided to give this one another roll of a dice.  Thanks to Option Addict’s post about asshole stocks, it brought my attention back to $AMRN which was when I saw the bullish engulfment bar.  By day close, I’m still holding so let’s see if price can bounce next week.

Next I bought some $MZOR back due to a bounce at the open.

MZOR_daily

Since I still like the fundamental story, I was betting on the fact that the Thursday dramatic drop was over-done.  If price takes out the low of Thursday low, I will cut my losses.

$CARA dropped was expected due to earning report from Thursday night; however, I was just glad that the drop was not worse than I anticipated.  I believe $CARA has the potential to rally later in the year simply because the fundamental story has an excellent catalyst to be disruptive in the field of narcotic pain-killer.

CARA_daily

Notice that the price action on the daily chart was stabilizing despite a down day.  If the general market recovers, I can see $CARA bounce higher as well.

Thanks to $LRAD uptake on Friday, my port was at breakeven despite $CARA being down.

Current holdings:

LRAD, SVBL, CARA, SEED, AMRN, MZOR and 32% cash.

From my other account:

Both $FITX and $MCIG charts reflected a small correction; thus, I’m not going to bother with the showing of the charts.  Still holding long and strong.

My 2 cents.

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03-27-2014 Trading Journal

The market was down slightly today.  Thanks goodness it wasn’t another waterfall day.

SPY_Daily

Notice that today bar looked like a doji bar; while it was not technically a true doji bar since the open did not equal to the close; it was close enough that I believe the market had come to the point where the force of the bull was able to stop the bear relentless attack.  Thus, we may be looking for a possible bounce tomorrow.  Did you see how price bounced after the small range bar on March 14th and March 3rd?  I’ll wager that the probability is on the upside bounce tomorrow.

After the market opened, $MZOR began to drop and took out yesterday low.  Instead of waiting for the price to take out the low of the consolidation range, I decided to cut my losses when there were bids for me to take my sell orders.

MZOR_daily

Whoa! Was I lucky to cut my losses fast.  $MZOR dropped like a rock not long afterward and continued to fall further down into the close.  Today is another lesson that it pays to cut your losses fast.  Even if I used a hard stop placed below the low of the consolidation range, i would still be able to get out before the price collapse; thus, having a plan (stop loss) to cut your losses is essential to holding on to your money.

After seeing $SEED was struggling to maintain $2.12; I decided to sell my shares as well to cut losses and raise cash.

Because $NUGT opened higher and took out the upper-band of the opening range, I bought a position with a stop below the lower opening range.  I was stopped out for losses not too long afterward.

By the end of the day, seeing that the general market wasn’t going to do a waterfall close; I decided to use the available free cash to buy a starter position on $KNDI in the mid $15 level with a stop below $15.00.  Luckily, I wasn’t stopped out by day close.

KNDI_daily

As you can see on the chart, price actually bounced off the upper-band of the old consolidation range.  On top of that, the lower Bollinger band also happened to be in the same vicinity.  This served as two supports that gave me the confidence to buy back some shares before the close.  If price bounces tomorrow and I’ve free cash available from the three-day settlement, i may add more.

While I had to take some losses from $MZOR and $SEED, the bounce from $CARA helped offset the losses and my port was even for the day.

Current holdings:

LRAD, SVBL, CARA, KNDI and 49% cash.

From my other account:

The whole cannabis sector was taking a hit from mass sell-off.  Some speculated it had to do with $CANN being halted by SEC.  I didn’t sell any of my $FITX and $MCIG shares.  I’m going to have to take the heat from here.  April is around the corner and I believe the fat lady is going to sing pretty soon regarding the faith of $FITX getting the license from Health Canada.  Of course my money is betting that they will get it.  Why do I think that?  ‘Cause Health Canada needs all the large commercial growers they can get to ensure  a steady supply to the current and growing medical cannabis patients in order to stabilize the price and get the new law off the ground.

My 2 cents.

 

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03-26-2014 Trading Journal

Today the bear began to show its face with a bit of a teeth exposed…

SPY_Daily

While price is still inside the consolidation range, it is important that price bounces some from here or we may be seeing more selling again.  There are three supports that are the bull defenders against the bear.  The lower range of the consolidation range and the 79 & 89 MA lines.  Next line of support is the low of early February.  If these supports cannot stop the bear, we may be looking at the beginning of the bear market.  No, it won’t be a big drop like 2008; but it will be a slow torturing trend for those who decides to hold for the bounce that never comes.  Hey, I’m getting ahead of myself here, pardon my senseless bearish sentiment.  Nothing is confirmed until you meet with Mr. Hindsight; but by then all Mr. Hindsight will tell you is, “I told you so!”.

Today price action made me regret selling my $TZA position yesterday morning.  Yes, I’m human so I’m entitled to feel a bit  “cheated” when my prediction was right on target but my conviction lacked resolve.  There you have it, conviction plays an important part in catching a runner, especially when you are trying to catch it at the starting gate.  By lacking conviction, I cheated myself of the $TZA profit.

I considered myself lucky that only about 10% of my three-days settlement cash was released today ’cause I spent it all by adding to $CARA, $SEED, and $MZOR in the morning looking for a bounce.  Then I had a meeting that lasted most of the trading hours; by the time I came out, I was in for a not-too-nice surprise.  While the three names I mentioned did not cause that much damage, it was the $LRAD drop that compound my losses a bit more.

However, I’m seeing a lot of potential bounces here:

Take a look at $SEED chart below:

seed_daily

Did you see the price literally settled down on the 89 XMA line?  If there is more available cash free up tomorrow, I’ll buy the bounce (only if there is a bounce) to add more.  No, I’m not averaging down, I’m merely trying to rebuild my position back to its original size.  Remember, per my “personal” definition, if I’m scaling into a position when price is dropping, I’m simply accumulating a position; however, once I’m done with the accumulation, any add-on will be considered averaging down ’cause I’ll be exceeding my risk level I’ve originally established for myself.

$MZOR again trekked toward the lower consolidation range.

MZOR_daily

If it takes out the lower range, I’m going to have to sell it to cut losses.  However, I prefer that it bounces from here like it did several times before.  The fact that it could not bounce from the lower range means the bear is stronger than before; hence my resolve to cut losses from breakdown.

$CARA is reporting tomorrow after hour so I’m holding this one for the gamble.

I also sold $NUGT when it took out yesterday low in the morning.  Thanks goodness I did ’cause it saved me a lot of grief from losing even more in the meltdown.  See, it pays to cut your losses fast to avoid a bigger losses later.

Despite another down day, I’m still up 11% for the year.

Current holdings:

LRAD, SVBL, MZOR, CARA, SEED and 38% cash.

From my other account:

I added more $FITX to bring it back to my original size.  And yes, I paid more to buy them back.

FITX_daily

Despite today market slaughter, $FITX held very well!

I also bought $MCIG, another cannabis play.  While going over the cannabis selection the other days, this one pulled me in.  I like the concept of pen-style vaporizer for $10.  It is affordable and most people won’t have to think too hard to buy it.  If I lose the pen-vape, no big deal.

MCIG_daily

One other reason I like $MCIG is because of the technical bounce I see on the chart.  Price was bouncing from yesterday green bar that bounced from the 38% Fib retracement.  Did you see that price actually closed higher today?

Now, I’m all set to take advantage of the growing cannabis market.  May this port one day eclipses my main port mentioned above.

My 2 cents.

 

 

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03-25-2014 Trading Journal

Market had a bounce today; but it was a soft bounce.  Not the “I’m going back up!” bounce.

SPY_Daily

Notice that price is still inside the consolidation range.  We may stay in this range for some duration.  I rather stay in the range than to watch a waterfall, do you agree?  However, all the technical signs are biasing to the downside.  5 MA is now pointing down and below the 15 MA line. Both momentum indicators are pointing down.

I made two big mistakes today.  Mistakes that I should know better…

The first one was selling out my $TZA at the open without giving it time to work it out.  The chart wasn’t so bad that I had to sell.  In fact, if I had a bit more conviction, I should be able to take some heat and see where it ended at.  Although I sold at breakeven, I threw away a trade that still has the potential to run.  Why didn’t I buy it back?  Well, ’cause I used up the free cash for other things and the other cash were tied up with the three-days settlement.

TZA_daily

Did you see that the 5 MA line just crossed over the 15 MA to the upside?  It is like a upside down mirror of the SPY chart above on the 5 & 15 MA lines.

The other mistake I made actually cost me a bit of money.  I bought $CERS for the bounce this morning and was completely ignorant of the potential $40 million dilution that was announced last Friday.  Why didn’t I read the news to find out why such a big drop yesterday?  I was assuming that yesterday drop was just in sympathy with all the other drops everywhere.  Anyway, while the buy itself was a mistake, the bigger mistake was that I bought size.  Ouch!  When price dropped to $4.80; it reached my pain limit so I sold to cut losses.  I sold ’cause I finally read the news and realized the mistake.  While I made a mistake, I did the “correct” thing by cutting losses pronto instead of trying to justify staying in the position.  That is the way you have to play it if you want to stay in the game and keeping your gain.  While it hurt, I felt relief.  Even when price bounced back by the close; I didn’t care.

I also added back some $CARA I sold yesterday ’cause I like this stock.

I bought back $MZOR and $SEED as well but only half of what I used to own on the former and only 1/5th of the latter.

To top it, I bought $NUGT to supplement my $SVBL position.  I like the chart on $NUGT ’cause it looks good for a bounce.

Because of my error in $CERS, my port went down a bit which was mostly the $CERS losses.  The other minor fluctuations were offset by the gain in $LRAD.

Current holdings:

$LRAD, $SVBL, $MZOR, $CARA, $NUGT, $SEED and 40% cash.

From my other account:

Well, I’ve to admit that I made a mistake yesterday selling $FITX.  As a result, I’ve to pay premium to buy them back today.

Why do I buy it back?

i reviewed the list of cannabis related stocks last night and I couldn’t find anything I like to buy.  I thought of $PHOT but I didn’t want to pay the $0.50+ to buy it. Most of them are already trading at premium price.  $FITX remains the underdog that has the potential to jump over all others in spades.  And when I didn’t see other selling down $FITX, I decided to bite the bullet and paid the premium to buy the shares back.  I will add more if $FITX decides to drop a bit.

As the production facility continues to develop into the final stage, I can see price climb as well.

FITX_daily

From the look of the chart, it is trading at neutral without bias in either sides, up or down.

My 2 cents.

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03-24-2014 Trading Journal

The market took a big dump in the back-office while the DOW was showing some light selling. The disparity was quite telling… It reminded me of the war movie where the enemy had infiltrated the military camp and caught everyone by surprise. Meanwhile, the king and the queen was totally oblivious to the slaughter that was going on while dining on monkey brain and bear paws in their sheltered castle protected only by a few eunuchs whose daily thought were occupied by a dream that one day a famous Taoist with magical power would come by to grant their wish of having their penis restored back into their original shape and size.  Thus, they were no match to the enemy whose only thought was to cut their head off… the big one, of course, since the small one was already gone…

SPY_Daily

As you can see on the daily chart above, price had sunk deeper into the consolidation range.  It closed below the low of the last five trading days.  Will it bounce tomorrow?  Who know.

Meanwhile, seeing that my $TZA position bounced hard after the open and took out the high of the last few days, I immediately double-down on my speculation without hesitation.

TZA_daily

See how $TZA had bumped into resistance from the previous high and fell back?  Price needs to take out that resistance before heading higher.

Because I was committed to my $TZA position, I’d to follow through to reduce my long position to reduce risk and exposure.  While $TZA was a counter-trend to short, it is a poor hedge.  It would take a huge position to even come close to hedging my long; thus it would be prudent to reduce my long positions pronto.  Therefore, I sold all of $MZOR and the rest of my $KGJI and $SEED.  I also reduced my $CARA position reluctantly since I could be selling this small float stock at the bottom; but safety prevailed and the thought of buying them back at low teens helped me pull the trigger.

After the dust settled, I ended up holding only $LRAD, $TZA, $SVBL, $CARA and 46% cash.

Despite the port being down a bit over 2% today, my year-to-date gain is at 14%.  While I can still see my milestone high, it is a bit too far for a stone-throw. I’m going to have to work hard to climb back up to reach it.

From my other account:

I could not believe the day would come that I sold $FTIX… The injunction issued by the court to allow home/local growers to continue on growing their medical cannabis until the case go to trial later in the year put a wrench in my conviction of holding $FITX steadfastly.

While one could argue the injunction is good for $FITX since it would allow additional time for them to complete the facility and grow their crops, I’m more concerned on the limited buyers (only new patients are required to buy from commercial growers) and the real possibility that the home/local growers will prevail in the trial to come.  In other words, Health Canada new policy is no longer a 100% sure thing.  With the kind of float out there and the release of restriction for insiders to sell their shares in April, I’m just glad that I was able to sell today without taking losses.

However, I’ll be watching the cannabis sector to look for opportunity to jump back in.

My 2 cents.

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03-21-2014 Trading Journal

Market was behaving like a whale today.  It came up for air and then dive right back into the ocean…

SPY_Daily

As you can see in the daily chart above, price hit the resistance at the previous high and fell back inside the consolidation range.  Basically, the market is not ready to make a new high unless there is some catalyst to push it up.

Today, I shifted my positions around.  I sold the rest of $KGJI ’cause the chart looked pretty bad in the morning.  With gold price climbing since early January but $KGJI was stuck in the consolidation range all this time.  Now that gold price is correcting, $KGJI went down with it.  I don’t know whey $KGJI is not getting any respect at all from speculators and investors; but it seems like my money had been tied up unproductively all these time I was holding it.  Thus, I decided to let it go and use the proceed to add more $SVBL.  Yes, I’m redirecting the focus from gold related stock such as $KGJI to silver mining.  $SVBL doesn’t do mining but they do own a prime piece of land in Northern Mexico that supposedly has a lot of silver underneath the ground based on exploratory result.  However, by day end, $KGJI spiked back up so I bought back a starter position.  I believe earning report is coming next week so let’s see which way it goes.  So far, I’ve missed two positive earnings play by closing out $KNDI and $SVA before earnings.  Oh well, it is still a gamble so I preferred to play safe.

I also reduced my positions on $SEED by 80% to reduce China exposure.  It seems that the politic in China may take a much longer time before deciding on the genetically modified seeds offered by $SEED.  Interest is fading and price is slumping back down.  The bids were there so I took it.  I also used the proceed to add more $SVBL.

Why the sudden interest in $SVBL?

For one, the super high volume (over two million shares traded) on March 13th got my attention.  $SVBL is a buy-out play so volume of that magnitude meant someone was interested.  It may or may not mean anything but I feel the “pull” to accumulate this stock.  I also believe the market, in general, is going to correct pretty heavily this year and that precious metals will become a popular safe-haven again to speculators and investors to jump back in.  Thus,with this thesis in mind, I added to $SVBL.  I could be wrong but this is the play I’ve chosen to follow.

SVBL_daily

See how price bounced right back up from the 79 & 89 MA lines?  The stochastic also began to turn up from below.  If I’m going to hold a precious metal related stock for a long duration waiting for something to happen, I’m going to give $SVBL a chance giving that $KGJI gold stock didn’t do much for me after all this time.

Currently, $SVBL is my third largest position after $LRAD and $MZOR.  $CARA dropped to fourth position giving recent correction.  In my own theory, $SVBL is my portfolio hedge against a major market correction- irrespective of rather my theory make sense or not.  You should know by now that I take a stock position based on my personal theory and logical deduction of what I think is happening or will happen.  I collected information from other contributors and weighed their opinions with my own analysis.  I then make my own decision to plan the trade- buy, sell, or hold.  I do NOT care what other people are doing with their position of the stocks I’m holding.  I make my own decision by looking at the chart and reviewing the latest updates.  Sometimes, I time it right and sometimes I don’t; but I always have to be mindful of managing the risk.

I was just glad that my $TZA position didn’t get stopped out during the morning rally.  It was nice to see it closed positive.  If the market continues to slide next week, I’ll add to this position as soon as cash is available from the three-day settlement.

Needless to say, with $LRAD, $MZOR, $CARA, and $SEED corrected today, my port suffered another setback but was cushioned nicely by the gain on $SVBL.

Current holdings:

LRAD, MZOR, SVBL, CARA, TZA, SEED, KGJI and 26% cash.

From my other account:

$FITX had a nice bounce today.

FITX_daily

Although price could not stay above $0.10 and closed at the lower $0.09x range, I was just glad to see it closed positive today and for the week as well.  If $FITX executes flawlessly going forward after receiving the license from Health Canada, there is a possibility that this port will eclipse my main port discussed above.  I look forward to see that happen.

My 2 cents.

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03-20-2014 Trading Journal

Market bounced right back up and popped its head above water once more again.

SPY_Daily

Will it stay above or will it dive back down?  Tomorrow, we will see.

The highlight of the day is the big bounce from $MZOR.

MZOR_daily

As a result, I added more to swing for the fences. $MZOR is now a close second largest position after $LRAD.  Since $MZOR has only sold a handful of the robotic machine to the US hospitals, there remain a huge market for $MZOR to tap into.  The way I see it, as more and more hospitals begin to adopt this robotic machine, price will continue its upward trek.  I see a breakout coming either tomorrow or next week.

On the downside, $CARA, $SVBL, $KGJI, and $SEED more than offset the gain from $MZOR; thus, my port went down a bit today.

The new action I took today was to buy the bounce on $KNDI when price rallied from the 15 MA line in the morning.  I was in the money rather quickly; however, when I found out it was short-lived, I immediately sold my position at breakeven ’cause I know how fast $KNDI can drop based on recent experience.  Well, it was a good thing I acted quickly; otherwise, I would have to take the heat on the position since $KNDI closed below my morning entry point.  I’ll be watching $KNDI to catch another bounce that may hold.

I also reduced my position size on $KGJI furthermore ’cause it had been dead money for quite a long time now.  If price takes out the $1.85 resistance, I may add back my position.

I’m taking heat on $SVBL but I’m not worried since my position size is relatively small.

I also bought a starter position on $TZA with a GTC tight stop below the historical low just so I have my foot in the door.  So, if the market begin to tank again, I just need to add more without having to watch the downdraft and forget to participate.  Having a position make it possible for me to participate more actively.

Current holdings:

LRAD, MZOR, SEED, CARA, SVBL, KGJI, TZA and 21% cash.

From my other account, $FITX was neutral today so I won’t bother to show a chart.

My 2 cents.

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03-19-2014 Trading Journal

The market came out for air yesterday and decided to dive back into the water today.

SPY_Daily

Back into the consolidation range as the chart above clearly shows.

This turnaround, no doubt, brought my stocks to correct as well.

$SEED began the day strong by trading over $3.00; but price couldn’t handle the ensuing downdraft.

seed_daily

Good thing is that price bounced off from the support. Nevertheless, today spike up to $3 is quite encouraging.

At first, I sold some $KGJI to reduce my exposure and use the proceed to add more $SVA.  Later on, I remembered that $SVA earning was to be released after market close, so I sold out my position to play safe.  Turned out $SVA had better earnings, price went up after hours. I did not feel bad about being on the sideline no more than I feel bad about not playing black or red on the roulette table.  I don’t play, I don’t complain.  It is that simple.

There wasn’t much more to say about the rest of the stocks in my port since they all corrected a bit.  The only thing I could add is that I bought a small $KNDI starter position when price dipped below $19.00.  If price bounces tomorrow, I may add some more if there is cash free-up tomorrow from the three-day settlement.

Current holdings:

LRAD, SEED, MZOR, CARA, KGJI, SVBL, KNDI and 25% cash.

From my other account:

$FITX is no exception, it also took a hit like everyone else.

FITX_daily

At least, price is still above the downtrend line.

My 2 cents.

Comments »

03-18-2014 Trading Journal

The market continued to bounce today.

SPY_Daily

It closed above the range which was a very good sign.

$KNDI opened higher and then went on to take out the high of yesterday.

KNDI_daily

But that didn’t last, not long after making new high, price dropped like a rock.  My mental stop was triggered and I sold at the market to protect profit.  Price then bounced around b/w the low of the day and yesterday close.  The SeekingAlpha article comparing $KNDI to other biofuel stocks like $FCEL didn’t help either.  I’m going to wait this one out to see what happen before venturing back in.  Although I mentioned that I would hold this one for medium long-term, I do change my mind from time-to-time giving the circumstances surrounding the price action.  Sometimes I’m wrong and sometimes I can get lucky; but I learn to follow my instinct, right or wrong.  Giving enough time, my instinct becomes another tool I use to trade the market.

$CARA continued to bounce.

CARA_daily

Price closed above the 5 and 15 MA line.  It does look like we may see a V-shape reversal after-all.  Notice that price bounced today on low volume.  That is why I don’t trust the selling when the float is so small.  You could be cheated out of your shares if you don’t have enough conviction.

$SEED also bounce off the support line today.

seed_daily

And the 5 MA line is now turning back up after touching the 15 MA line. I like to believe $SEED is heading back above $3 soon.

I’m glad to see $MZOR also bounced up.

MZOR_daily

It was good to see price moved away from the bottom range.

$SVA took out yesterday high and I want to go back in so I bought back some.

sva_daily

If price continues higher, I’ll add more when cash becomes available from the three days settlement.

$KGJI disappointed when price took out the lower range of the consolidation area.

KGJI_daily

What doesn’t look good is that price is now under the 79 & 89 MA line.  I need to decide what to do with my position real soon.  Perhaps, I will lighten the load a bit.

$LRAD and $SVBL didn’t do much today so I won’t post any chart on them.

Thanks to $SEED and $CARA, my port bounced back up another notch.  Now, my milestone target is only a stone-throw away.

Current positions:

LRAD, SEED, CARA, MZOR, KGJI, SVBL, CERS, SVA and 17% cash.

From my other account:

$FITX did a fantastic job blasting out of the downtrend line.

FITX_daily

Now, I like to see price takes out the previous high of  $0.10 set up on March 7th.

My 2 cents.

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