3/18/14

Bad day trading but hopefully it was for the best.  Cut a few non performing positions that seemed to only drain my account.  Took my biggest loss to date and feel dumb letting it rack up so big.  Here was the action:

Sold about half of MNGA near open.  Good open as it continued run from yesterday, was locking in some gains.

Sold my shares of HPJ.  Picked it up yesterday and it gapped a little overnight and I sold into strength.  I sold at start of a big run but not mad because I sold at my target.  Good trade.

Bought IBIO.  This was a Rich pick and looked good so joined in on the action.  Plan is to sell tomorrow at some point.  Had a good run into close so probable gap up.  Up about 10% from buy during today.

Sold my old position of SEED.  I know it may have some news that can spike it again, but tried to clean my portfolio a little and said good bye.  Loss on the trade but was kept relatively small.

Sold other half of MNGA.  This stock shit the bed and paniced.  I tried to wait for it to be over but took forever.  Got out at a terrible price and will be pissed to see it up around where I sold first half tomorrow.  Saw a few picks losing and got scared today.  Need to time these better.

Sold NEWL-this is where I got my shit pushed in.  Bought it near the top and has gone down around 10% a day since the spike I bought.  Wish I would have sold after 1st day of large loss.  Money lost as a result is about twice as big.  Went too big and need to keep position size in check.

Bought NLST.  Had a spike when it news of a patent got out.  Rest of day only had downward movement. I am giving this a little bit of time, maybe they will have a PR about this patent and creat some volume.  Will not look for much in trade but holding for profit at least a few days.

Bought OPXA.  Set up to be a gapper for tomorrow.  Mid day run up that continued at close.  Will try to sell into morning spike if I can time correctly.

Also just saw I bought BGMD afterhours.  It had a good close so and was late putting my order in at the bell.  Got executed afterhours and looking to sell in morning spike.  Not looking for much as I got in late but could see continued strength tomorrow.