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

11-11-2014 Trading Journal

Somebody please whip the bull from behind. I think the bull is suffering from chronic fatigue symptom…

SPY_Daily

Let’s count our blessing that the bull is still heading up albeit as a snail pace.

There wasn’t much action from me today except to watch $DMRC and $ORBC climbing up the price ladder.

$DMRC continued to rally to form a nice handle for the cup & handle pattern.

DMRC_daily

The probability of breaking out of the cup & handle is pretty high at this point. Perhaps it may happen tomorrow.

$ORBC also rallied hard.

ORBC_daily

I like the fact that price is now on top of the 79 & 89 MA lines. ┬áLet’s see if price can take out $7 this time around.

$LRAD was doing another soft landing to the 79 & 89 MA support lines.

LRAD_daily

There is really nothing to do but to wait for earnings update in late November.

$URA corrected ever so slightly with low volume.

ura_daily

I don’t blame it for need to take a break after two days of hard rally.

Again, $DMRC and $ORBC came to the rescue to save the day by making gains to offset $LRAD continuing drawdown; thus, my port was able to gain another 1.1% with YTD gain at 12.6%.

Current holdings:

LRAD, DMRC, ORBC, URA and 2.1% cash.

From my other account:

Yeap, I’m still holding $MCIG and is waiting for the spin-off shares for Vitacig.

My 2 cents.

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