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

09-18-2014 Trading Journal

Market jumped higher today.


It is on an up and up…

But not so with my port.  $LRAD corrected some more which was the bulk of my losses for the day.  $DMRC gained some along with $ORBC.  $IBIO gave back a little along with $HYGS and $AMRN.

Despite my port giving back 2% for the day with YTD gain at 3.8%; I feel quite calm about my portfolio.  I remember a wisdom from Warren Buffet,

“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when”

I think I figured out what will happen with $LRAD, $DMRC, $ORBC,$IBIO, $HYGS and $AMRN, so I’m not going to worry about when.

My 2 cents.

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