iBankCoin
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

07-16-2014 Trading Journal

Market continued higher but is now trading against the resistance from previous high.

SPY_Daily

Can it make new high again or will it trade back down?  Stay tune for tomorrow.

Despite higher market, my port continued to get hit by correction. Only $LRAD was able to stay up for the day.

$DMRC is still trading at the support level. DMRC_daily

News was out that $DMRC will release 2nd qtr earning next Wednesday and a conference call is scheduled for the same day as well.  The moment of truth will be my doing or undoing next Wednesday.  Reading between the fine lines on the news:

“…and provide an update on market conditions and execution of strategy”

So there is an “execution of strategy” in motion.  I like the sound of that.  Am I grasping at straw here?  Maybe or maybe not.  Next Wednesday will be judgement day.

$ORBC tried to hit resistance and failed once again.

ORBC_daily

From the chart, price is still following the uptrend line. Notice the volume was lower today compared to yesterday.

$STV is still trading near the support.

STV_daily

While it was down slightly, I still hold strong conviction on this one.  Perhaps, I need $STV to replace $KNDI as the rising star.  Missing $KNDI recent run is like missing the bus.  There is always another one coming.  It can be one or several of my seven stocks in my port.

Although $HYGS is down today, it is still above the uptrend line.HYGS_daily

Let’s see if the uptrend line can be a good support.

Thanks to $LRAD up day, it helped cushion the loss on my port to 0.5%.  YTD losses is now -2.7%.

Current holdings:

LRAD, DMRC, HYGS, STV, KGJI, ORBC, AMRN (100% invested/speculated)

From my other account:

$FITX gave back much of the gain from yesterday.  Oh well,..

My 2 cents.

 

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