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

05-22-2014 Trading Journal

The bear tried to slam the ball back to the bull but hit the net instead.


Thus, the bull continued onward today and is outside the consolidation range once again.

I’m not sure if I’m obsessing with $AMRN or simply sensing that a bottom is about to set in.  The fact that I’m still taking Vascepa everyday for the last 15 months straight may have something to do with my continued interest in $AMRN.  In a subtle way, my body welcomes the Vascepa intakes and I’m feeling good taking it. So that is that.


Price looks like it may bounce from here.

$DMRC bounced back up from the 89 MA line!  If you haven’t caught on to the magical power of the 79 & 89 MA lines by now reading my journals, you are missing the picture here.  Granted that it is not 100% guaranteed to bounce from these two MA lines, but the probability of the bounce is so strong that you are skipping over a powerful tool if you don’t incorporate it into your trading system.


Today bar can be called a bullish engulfment candlestick pattern.  Let’s see if momentum can continue upward from here.

Despite a strong bounce from $DMRC, continued corrections from $LRAD and $KGJI ate away some of the gain.  Thus, my port only gained 0.77% for the day.  YTD gain is now about 6.4%.

Current holdings:


From my other account:

$FITX continued higher after forming the strong bullish engulfment bar yesterday.  This is a good sign.


Let’s see if it can continue the momentum tomorrow.  Nevertheless, we need to hear about the licensing approval soon or the price may start to drip back down.

My 2 cents.

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