Today was a reaction day as well as a sad day.

Market opened down and I immediately sold $DDD before it fell apart as 3D printers’ stocks are prompted to do in a down day.  My losses were small compared to if I had hold.  This is another positive feedback and reinforcement to me that taking losses quickly is the way to go when I’m swing trading.

$PPC was disappointing as well but then you wouldn’t expect any breakout of significance without news and without the support of the general market.  This one was a no brainer, out it went.

Speaking of breakout, $S had a strong breakout due to takeover news.  Well, since I was no longer in it, there was no point in discussing this.  No, I did not kick myself for this miss since I had no plan for $S as of Friday.  So, this gap up would be like any gap up of stocks I never heard of.  If the tree fell on the forest and I wasn’t there to hear the noise, did the tree really fall?  Meditate on this and you will not be bothered by “missed” gain when you are not “in”.

I also began to sell off some $APRI and $CERS to minimize exposure because these high-beta stocks can drop quickly when the sentimental changes.  All it takes is one of the big holders to start dumping and you have a domino effect of everyone fighting for the last musical chair.  Later on, for fear of this domino effect, I sold the rest of my shares in $APRI and $CERS while prices were still holding well.  Since I bought these stocks as much lower average entry prices, I made some money instead of taking losses.

At the time I reduced position size on $APRI & $CERS, I also started to reduce position size on $SZYM as well.  Thanks goodness I did giving the waterfall price action later on.  As price continued to fall, I continued to unload more $SZYM.  By the time I sold all my $SZYM, I gave back about 70% of the profit from my last entry.  But all was not lost, price continued to head further down my from last sales and I was able to pick back up about 60% of my original position at the bottom 10% of today price range.

I was watching $DUST from the get go trying to gauge the right time to take profit.  I started to trail my stop using the low of 3 min bar chart when the price started to consolidate; by the time I stopped out, I was able to squeeze a few more points out of it as opposed to selling it at open.  Yes, before you jump in and say that I could have make more points by holding my position thru the end-of-the-day; let me remind you that you have the hindsight to work with while I only had a sure profit facing me.

Instead of taking the risk of giving back some of my profit, which happened to me often when I overstayed my welcome, I chose to take profit first.  Remember, I had about 26% gain starring at my face after only a weekend hold; so I really should not be too greedy.  After I sold, I daytraded $DUST with 1/3 of my original position and made a few more bucks.  However, I did not participate in the late hour run-up to the close because I did not want to push my luck.  Often times, when I tried to push my luck, I often ended up giving back too much profit.

Seeing that the market was down big and momentum did not slow down during the morning hours, I looked at $SDS and $FAZ and decided to make a daytrade out of it.   I was not committed to holding it more than today because these inverse ETF had poor track record of continuing a run.  Besides, I didn’t want to risk losing money on a late day rally.  Knowing the trades were for the day only allowed me to see this trade as a quick profit and nothing more.  When price went up to the point where the momentum indicators started to turn back down, I took profit and left it alone.  One of my rule is that if I make a decent sum in daytrading, don’t go back in after I’ve closed the position.  7/10 I would give the profit back if i do.  Therefore, yes, I missed the late day rally of these two ETF as well.  No big deal.

Then later on, I discovered my big mistakes.  While I was busy managing my $DUST, $SDS, and $FAZ trades during the morning hours, I completely forgot about my $PACB and $DNDN positions.  By the time I remembered these two positions, I was disappointed that $PACB was already down a whopping 8%.  Darn!  I would have dumped this in the morning if I had not skipped this one.  Seeing that it was already down 8%; I decided to give it  more room to bounce.  If price doesn’t bounce tomorrow, I will probably dump it for a much bigger losses than I will like; but then, I’ve to own up to my mistake.  $DNDN, on the other hands, did not have a hold on me the way $PACB did; therefore, I dumped it pronto.

$BCRX gapped up and I was thrilled.  However, in the morning, I elected to sell half for profit when prices trekked back down to $2.00 price support.  Later on, when prices headed back to $2.04, I decided to buy back shares I sold.  Well, prices didn’t always followed my direction; and I decided to sit this one out since any sudden news from the Asia could spark this one up.  Besides, I’m only at breakeven point now even after price had trekked down to the close.

I was oblivious to the Boston bombing until I saw the posts from ChessNWine and The Fly.  I usually don’t pay attention to outside noise when I’m trading.  The bombing was so nonsensical but it also reminded us that life could be so fleeting.  One moment you were having a cup of coffee and the next you were either gone or sans a body part.  The best way to beat this is to live our life fuller and stop sweating the small stuff.

Current holdings:

LRAD, AMRN, TINY, SZYM, PACB, BCRX and 54% cash.

My 2 cents.

@tradingmy2cents

The trades I made in the journal were time-stamped in twitter

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Today was like a lucid dream day.

Market opened down and $FB was fighting for its position.  Unfortunately, price action took out half-way point of yesterday bar, I took profit per my rule.  (what? you forgot my rule?  Here it is again: if price action take out half-way point of the previous daily bar, I’ll either cut loss or take profit.)

$BCRX opened neutral at first and then it became a runner.  I immediately added $BCRX as it ran and added some more when the runner wouldn’t stop.  By the time I was done adding, I’m holding 110% of my original size.  Latest news was that China had more death from the bird flu and the crisis was far from over.  I’m betting that $BCRX is the cure China is looking for.  I read that some people was claiming that the Peramivir China was looking for did not come from $BCRX.  However, when you goggle Peramivir, you will see this:

Peramivir
From Wikipedia, the free encyclopedia
Peramivir

Systematic (IUPAC) name
(1S,2S,3S,4R)-3-[(1S)-1-acetamido-2-ethyl-butyl]-4- (diaminomethylideneamino)-2-hydroxy-cyclopentane- 1-carboxylic acid

Peramivir is an experimental antiviral drug developed by BioCryst Pharmaceuticals for the treatment of influenza. It has been authorized for the emergency use of treatment of certain hospitalized patients with known or suspected 2009 H1N1 influenza.[1]

The Peramivir drug name comes from BioCryst, so I don’t know who else can claim that name?

Since the market was tanking, I also put a protective stop on $AIG below yesterday low to protect profit.  I was stopped out later.

$APRI meanwhile was taking heat so I unloaded shares to minimize exposure; however, later in the day when price action climbed back up, I bought back some shares I sold earlier.  I did the same with $CERS; sold some in the morning and bought them back later.  Yes, I bought them back at higher price.  And yes, that was the cost of my playing safe.

Later on, after seeing that gold and silver had been taking to the cleaner, I took a look at $DUST chart and found that it was reaching for the price of previous year high.  Having seen that, my intuition told me that price action might take out that high very soon.  Thus, despite $DUST being up all day already, I bought starter position to chase it.  Fortunately, price continued upward and I ended the day in the money.

Then, Vertigo from here alerted me of $PPC.  I took a look at the chart and it was a no brainer.  My quantum computer saw the chart and it literally moved my hand to the keyboard and mouse to execute the buy order.  I bought the starter position looking for a breakout to the upside next week.  $PPC had been consolidating for the last twelve weeks and a breakout from here could create a runner.

Before market closed, I saw $DDD made a come back from a down day and the daily chart looked good; so I bought a starter position.

I was disappointed with $DNDN ’cause it had been holding up quite well in the morning thru the afternoon; but by day end, it was falling apart.  I had no choice but to reduce my position size by half to minimize my exposure.

By day end, $APRI, $CERS, $SZYM, $BCRX were all holding well in their price action.

Current holdings:

LRAD, AMRN, SZYM, TINY, CERS, DUST, PPC, PACB, DDD, APRI, BCRX, DNDN and 32% cash

My 2 cents

@tradingmy2cents

The trades I made in the journal were time-stamped in twitter

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Today was a slap on the face and a big made-up kiss.

Market opened lukewarm positive but $AAPL was being difficult with a negative open.  I moved my stop to breakeven and it was hit.  I left it alone afterward due to no follow-up with yesterday up day.  I expected to see an up day with strong continuation; otherwise, adios!  It seems to me that $AAPL is now a day-trading stock and not like the trending stock you are used to see in 2012.

$BCRX, again, was on a defensive, so I unloaded some more of my position to cut losses and minimized exposure.  I’m now holding on 25% of the original position so I could give it more room to gyrate around before I cut it out for good for nonperformance.

$CHK opened negative and began a waterfall and I was going, “What the heck?”.  Needless to day, I immediately dumped it and was lucky to get out at breakeven.

$CERS opened neutral and after an hour or so, price began to climb.  As it climbed, I added some more.  It peaked at $5.18 and profit-taking brought it back down to $4.88 area but still up for the day.  I did not take profit because I wanted to see how tomorrow price action behaves first.  Sometimes, too much excitement might push the price action too high too fast in the same day; and then price would continue the next day.

I saw $DNDN during my bio-tech round-up review and chart looked like it might be bottoming.  I bought starter position first and added more later in the day when price action was encouraging on the upside.

$DDD intra-day chart looked horrible and I wished I looked at it earlier; nevertheless once I saw how bad it looked, I dumped my position to lock in profit even though today was still an up day.  But the development of a shooting star candlestick bar did not sit well with me and I didn’t want to wait for confirmation of a bearish stance by taking out today low tomorrow.  I always reminded myself that this was a swing trade and should be treated like a swing trade- take your profit and run when price action began to wobble around.  Don’t worry about the earlier paper gain you’ve given back, just take whatever is left on the table and run.  If you are worry about missing the run back up; then it is your ego and greed talking to you.

$DCTH was acting defensive and weak all day and I just had it.  I dumped this nonperformance stock for small losses (from recent re-entry) and walked away.  $DCTH was a swing trade idea and I held no conviction on this one.  Btw, having conviction on a stock pending FDA approval is like having conviction that the metal ball will land on red on the roulette table.  This is cheap conviction and is not worthy for anyone to fret over.

$FB, $AIG, $SZYM, $AMRN were all doing great today while $PACB, and my remaining shares of $BCRX were still in small red.  I’ll give these two another day before I decide the proper action to take.

Current holdings:

AMRN, LRAD, FB, SZYM, TINY, AIG, APRI, CERS, DNDN, PACB, BCRX and 22% cash

My 2 cents.

@tradingmy2cents

The trades I made in the journal were time-stamped in twitter

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Today was a “load up the boat” day.

Market opened higher and proceeded to climb all day.

$FB opened strong and after seeing the WSJ news on how Facebook is culling the data of its one billion plus users to improve their advertising business model, I added more without thinking.  Before the morning hours was over, I doubled down on my $FB investment.  When I see fundamental news backing up a positive charting outlook, I do not hesitate to double-down.

$DCTH was acting positive since the open, so I added more.  Having cut cost from yesterday news, I see a more positive outlook in their business model if their specialized chemotherapy delivery system is approved by the FDA.

$BCRX was not dead yet.  It actually tried to climb back up to the positive territory after opening down.  I added a bit more since the bird flu crisis is not over yet.  In other words, my gambling bet is still alive.

I was going to buy $AAPL at the open giving the overall market was up; however, having seen $AAPL trekked down despite an up market before, I waited.  But when it finally took out the intra-day high in the late morning, I bought a starter position.

With market heating up, it is natural for me to think that real estate rally is one of main reason; so I added to $AIG for future prosperity.

$APRI took out the $3 price when I was not looking; so when I found out later, I added more.  Based on the weekly chart, I think $APRI still has a lot of room to run.

I was quite disappointed that $S did not partake on today strong rally; instead, it went down.  So, I dumped it for tiny losses.

I’ve been looking at $CERS for awhile since I missed the buy at low $3.xx; but after seeing it was trying to breakout from the multi-year double top; I bought a starter position to bet that it would be a matter of days before the brearkout occurred.

$PACB was looking good with a positive green bar today.  This green bar presented a sandwich to yesterday red bar since there was another green bar two days ago.  In my book, this is a bullish signal; naturally, I added more today.

$DNN was another non-performing stock today giving today up market; so I sold it for tiny losses as well.

All in all, I bought more than I sold today.

Current holdings:

LRAD, AMRN, FB, SZYM, AAPL, AIG, APRI, TINY, DDD, CERS, CHK, PACB, BCRX, DCTH and 10% cash.

My 2 cents.

@tradingmy2cents

The trades I made in the journal were time-stamped in twitter

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Today was an interesting up day.

$BCRX opened down and I sold to take small losses.  Yes, it was a gain yesterday and I gave it all back; but that was the deal I was going for when I decided to hold instead of taking profit.  In other words, I was gambling with my yesterday paper gain for a bigger win today.  My bet was wrong so I bailed first and then sat back to see what was happening.  What happen after I sold was that price filled the gap from yesterday and settled down before climbing back slowly to the 1.7x area.   Once I saw the gap was filled, I bought back a starter position around the low $1.7x and put a stop below the intra-day low.  I was not stopped out when market closed.

Next, $DCTH was down due to news of their laying off people to reduce cost.  This was a mixed bag of news but I sold my whole lot quickly and waited for price to settle down.  To me, cutting cost is always a good business move; thus, once the selling was done, I bought back a starter position to see if it would go back up.  I was not stopped out when market closed.

Giving that both $DCTH and $BCRX was not faring well at the open, I took my money out from $MNKD when price began to trek lower after heading up.  I got out at breakeven.  Later, $MNKD trekked back up but I chose to ignore it because I wanted to scale back on the number of biotech stocks.

$SZYM acting like it wanted to go back up badly so I began to add more to my position to slowly build it back up to where I was before.  I’m not giving up on $SZYM yet.

$FB continued to correct but I was feeling that it might begin to turn today based on indicators on 15m and 3m charts; therefore, I bought back $FB shares and my stop was not hit when market closed.

With market continued to soar in the latter half of the day, I decided it was time to buy back $DDD, $CHK, and $DNN.  I bought all three even though they were already up most of the day.  I didn’t buy $CCJ because I didn’t see the “calling” from the chart.

I also bought starter position on $PACB to take advantage of today correction from yesterday jump.

I’m still holding the $S, $AIG, $APRI from yesterday even though they were correcting a little bit today.

Current holdings:

LRAD, AMRN, SZYM, TINY, DDD, APRI, FB, CHK, AIG, S, PACB, DCTH, BCRX, DNN and 28% cash

My 2 cents.

 

 

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Today was like a box of mixed chocolate.

Ding! Ding! Ding!

Market bell rang and I watched $BCRX gapped up, I bought some at the market open and watched the price climbed to the high of $2.21 before coming back down to the $2.00 level.  After finding out that China approved $BCRX’s Peramivir, I decided to add some more before the market closed.

I saw $MNKD had a neutral to a positive bias open so I bought some since I wanted to be in when there were no collapse happening.

$FB was fighting a downdraft and I saw the price action was tracking half-way point of Friday candlestick bar; sticking to my rule, I sold it for small losses.

$APRI opened strong and I wanted back in; therefore, I bought back starter position on $APRI even though I paid more than I sold for in the past.  Seeing that price stayed strong on the positive side all day, I added more later in the day.

$DCTH opened down and stayed down.  Seeing some bargain, I bought a starter position on $DCTH after seeing some huge bids supporting the price even though it was down quite a bit in the morning.

I also wanted to go back in $S and the chart looked like it was continuing on its breakout mode; so I bought back a starter position.

$TINY was also acting bouncy so I bought back some shares I sold earlier last week with the intention to buy them back lower.

I also bought back some $SZYM after seeing that it was actually trying to rally in the morning.  I don’t want to be without this stock when it decides to climb back up so I’ve bought back some shares.

I was browsing the “Smart-list” watch list to see which ones are ready to move and I found $AIG enticing; therefore   I bought a starter position as well.

By the end of the day, $APRI and $AIG did well and $BCRX was correcting a bit from its high but I was still in the money, so no sweat.

Current holdings:

LRAD, AMRN, TINY, APRI, SZYM, AIG, S, BCRX, DCTH, MNKD and 44% cash.

My 2 cents.

@tradingmy2cents

The trades I made in the journal were time-stamped in twitter

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Today was a “fool me” day.

With the payroll data came out bad, market was down big before open.  Naturally, to preserve my capital, the prudent thing for me to do was to sell all my swing trades at the open in case the carnage turned out to be a colossal waterfall price action.

I placed all my sell order at market on open and was filled within 5 minutes of all my swing trades.  I sold $APRI, $CCJ, $DNN, $DCTH, $IMUC, $MNKD, $POT all for small losses and locked in gain on $FB.

Then, as usual, I would be faced with situation when the waterfall situation didn’t happen.  $FB began to climb as well as $IMUC.  Did I kick myself?  Of course I kicked myself but only for a brief moment.  Hey, I’m not a robot just in case you haven’t noticed.  Giving that the market was still down all morning, I wasn’t about to jump back in to buy anything.

I didn’t think $FB rally would hold so I waited for an opportunity to short.  When I saw a bearish engulfment bar completed in a 15m chart, I implemented the short and was successful in banking a few coin using trailing stop.  Afterward, I tried a couple of scalping trades on $FB (one long and one short) but was stopped out for tiny losses.

To me, scalping (with small number of shares than my usual swing trade size) is a good way to work out your boredom without hurting yourself.  It keeps your mind occupied so you don’t go looking for some big fish to fry when there isn’t any.

Next, I saw RaginCajun’s post on Bird Flu play so I bought some $BCRX since someone recently also told me about the bird flu coming back in China.  Later, I added more when price started to jump up.

$FB began to act up after consolidating in the low $27.xx area.  I bought back a starter position when price action took out the high of the previous 15m bar.  I placed a stop below intra-day low but was not stopped out when the closing bell rang.

For some reason, I decided that if we were not getting a waterfall action today, we might get it next week.  So I bought $FAZ to hold for the weekend.  Lo and behold, not long after I bought, $SPY began a strong rally and before I knew it, I was stopped out of $FAZ for a loss.  Ouch!

At the end of the day, I still hold 63% cash which was what I wanted to hold anyway for the weekend.

I noticed that $SZYM spiked up into the close; I will keep an eye on this on Monday for a possible buy back of my position provided that the market do not go with another bearish convulsion.

If you have been reading my journals, you know that I’ve been taking plenty of small losses these days along with some locked in gains.  The gains were usually much larger than my small losses.  But the small losses do add up as well as the commission.  Giving that the last month trading activities being locked in a consolidation range, these multiple small losses were to be expected and I don’t hold this against my trading process.  Remember, we only knew about the consolidation range after the fact.

Eventually, when the stocks begin to run again, either up or down, all I need is to catch one of the runners and I will be banking coins in no times.  Thus, as a swing trader, I’ve to be active to catch that elusive runner when it happens; hence the constant small losses I’m taking now and will be taking in the future.

Current holdings:

LRAD, AMRN, TINY, FB, BCRX and  63% cash.

My 2 cents.

@tradingmy2cents

The trades I made in the journal were time-stamped in twitter

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Today definitely was not a boring day.

$FB opened strong and I added more.  However, later on price began to take a dive and I moved my stop to breakeven.  Could this be a trap?  Boy! Was it closed!  I was almost stopped out but there were enough buyers coming back to bid the price back up.  Seeing a bounce happening, I added more.  Later on, when the Facebook new home app was announced, price action started to kick off to the upside.  I added some more before it took out $27.00 resistance.

I’ve reason to believe this new “home app” is what Facebook needs to take off from here.  In practical speaking, this isn’t a bad idea at all.  I think I’ll create a Facebook account just so I can install this app on my Samsung Note II smartphone.  This is almost like a Steve Jobs’ kind of idea.  Don’t you think?

After I added $FB, I also bought back small starter position on $DCTH, $MNKD, $POT because I wanted to be back in these position giving that there were no waterfall price action on the general market.  In other words, there were no follow thru from yesterday bad-ass bearish engulfment bar on the $SPY.

I also like $CCJ since the price action was near the low of late December and early Jan support.  It is a good risk/reward ratio.  Being back on uranium, I’ve to buy $DNN too.  To me, $CCJ and $DNN go together.

I also bought starter position on $DDD; but this one was for naught since I got stopped out later for small losses.  I didn’t look at it again for the day; thus, I missed the late day bounced back.

I was stopped out of $MNKD since I put a close stop.  But seeing that price did try to bounce again, I bought back a smaller batch.  I added more later when the bounce became stronger.  I decided to give it room to run around; therefore,  I left it alone for the day.

I also bought $AAPL for a daytrade when I saw some stabilization on the price but was stopped out for small losses.

Then I saw $IMUC during my stocks patrolling.  It bounced beautifully off the uptrend line so I bought back my shares I sold awhile ago for small losses.  I like to remind you again and again that you have a very good chance of buying back your stocks if you cut your losses fast for a much lower price.  Not that it will happen all the times but it happens often enough such that you should not feel too worry about losing your position if you bail out earlier to take small losses.  This is strictly a swing trading tactical maneuver.

$SZYM was really bugging me so I decided to sell the rest of my lot so I didn’t have to waste time watching it.  But I will buy it back if it shows some sort of bottoming out pattern.  I’ll probably have to pay more to buy it back; nevertheless, I get to be free of this nasty thorn on my butt for now.

$POT was acting neutral after a strong early bounce so I decide to hold it for tomorrow.

I also bought $APRI back but forgot to post it on twitter.  Oop!  Since I only bought a starter position, I left it alone all day also.

Current holdings:

LRAD, AMRN, FB, POT, TINY, DNN, IMUC, APRI, CCJ, DCTH, MNKD and 46% cash

@tradingmy2cents

The trades I made in the journal were time-stamped in twitter

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Today was like a game of whack-a-mole except that I was cutting losses as they popped up.

Market actually opened with positive bias with $FB and $POT opened higher.  Immediately, I bought back $FB and $POT at the market open since I sold out my position yesterday.  I wanted to own these two if market rally continued.

$DCTH opened a bit lower and I was ready to bail.  I waited a bit but then someone got ahead of me and dumped.  Not to miss my music chair, I immediately sold half of my position so as not to give back too much profit from earlier this week.  Later, when I saw that $DCTH could not bounce back; I just sold the rest of my position at around the same price I sold the first half.  It was a good thing because price eventually broke down further to take out $1.80 support.  By end of day, price was at $1.80.  I’ll see if price can take out $1.80 resistance tomorrow before deciding if I still want to play.

$DDD bounced higher from yesterday close so I bought back a starter position with a stop at intra-day low.  It was a good thing my stop was there ’cause $DDD tanked further down after my stop was hit.

I also had a stop for my $POT position at intra-day low and it was hit for small losses.  $POT eventually caved in and headed lower; but it valiantly bounced back by end of day.  Giving the way $SPY was doing its waterfall thing, I decided to wait for tomorrow before deciding if I wanted to go back in or not.

By the time I took a look at $S, it went down further than I wanted to see so I sold the whole lot for losses- not small but not big either.

Then $MNKD began to cave in as well and all my morning gain was gone.  I was at breakeven and the daily bar didn’t look good; so I sold 60% first.  And when I saw red everywhere on the quote machines, I decided I didn’t want to hold any swing trade until the bearish sentimental was gone.  I sold the rest of $MNKD not long afterward.

While I was selling $MNKD, it was natural for me to sell $APRI also since price was not moving that much.  I sold $APRI the same way I sold $MNKD- in two pieces.  I took  a small losses from the sales which was no big deal.

All of a sudden, I was in the whack-a-mole mode.  I started looking for position to whack.  I saw $TINY and decided I was holding too much for the coming correction.  There were large bids there to handle my sales so I took it.  Whack!

Seeing the large bids didn’t disappear after my first sales, I sold another batch.  Whack!

With whack-a-mole, you want to whack another one after you’ve whacked the first one; so I moved on to $SYZM and sold my position down to 13% of my original size. Whack!

But when I came to $FB, I stopped myself ’cause this guy was making me money.  So, no whacking here; instead I moved the stop to breakeven.

After all the whacking, I felt good with 61% cash.

Current holdings: LRAD, AMRN, FB, TINY, SZYM and 61% cash

My 2 cents.

@tradingmy2cents

The trades I made in the journal were time-stamped in twitter

 

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Today was a busy day for me because I made a lot of adjustment to my portfolio.

In the beginning, $AAPL looked like a racehorse getting anxious to get out of the starting gate.  At market open, $AAPL had some volatile range but once it settled down a bit I bought a starter position with a stop below the previous pivot-low for a close stop.  Price sped off quickly and I moved my trailing stop quickly as well; but before I knew what happened I got stopped out for profit.  $AAPL then gyrated between +$6 & +$7 area so I decided to leave it alone.

$DDD looked good also in the chart so I bought a starter position as well.

$FB opened up and was trading above the half-way point of last Wednesday bullish engulfment bar, so I bought back my position.

$DCTH was acting uncommitted so I decided to sell half of my position to lock in gain.  I didn’t want to take chance of giving back my gain while I wasn’t looking.  However, later in the day, $DCTH showed a strong resiliency in the $1.91 area so I bought back my position I sold earlier plus some.

I found the charts on $MNKD and $APRI wanting last night so I was watching them in the morning.  Price actions looked good and holding well  so I bought starter position on them.

Meanwhile, $SZYM was on a tear to the downside and I had a feeling that this stock was not meant to be for me.  Again, for the upteen times, I sold down the position to cut losses and minimize exposure even though I told myself I would stick this one to the end.  But I was holding too much and I found an excuse to sell by reason that my money has a better probability to recover losses by putting it in $MNKD and $APRI where the upward force still exists.  If you are ever being indecisive about cutting losses; find another more compelling reason to force yourself to do so.  In this case, I want to re-balance my biotech holding by reducing $SZYM and increasing $MNKD and $APRI.  I don’t want to use existing cash so that force me to scale down $SZYM to 38% of original position.

Once the allocation was executed, I felt good even though I had to eat a big losses on $SZYM.  The thing about losses is that I know I can make them back; so I don’t sweat too much over it.

The charts on $POT, $FB, $DDD started to look like a balloon running out of hot air.  They looked horrible despite the fact that they were up during the first half of the day; without hesitation, I sold them all for small losses except for $POT which was breakeven.  You see, when the daily chart starts to look bad, I will NOT hesitate to sell my position especially when I see that the losses will be small.    Again, with hindsight, it paid to act fast and decisively since all three were down much further than my selling prices.

$MNKD went through some intra-day retracement and I took the opportunity to add a bit more.

$S was neutral all day so I left it alone.

Seeing $PACB was trying to bounce a bit, I bought a small position so I wouldn’t forget about it.

Current holdings:

LRAD, AMRN, TINY, S, MNKD, APRI, SZYM, DCTH, PACB and 39% cash.

My 2 cents.

@tradingmy2cents

The trades I made in the journal were time-stamped in twitter

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