Day Summary

We did 15 trades today and if you think I like frequent trading, you are mistaken. For almost 140 positions in our portfolio, it's just 0.1 trade per symbol. It's nothing. It's like 1 trade in 2 weeks per symbol! I hate frequent trading, but today it was exactly what we needed - it saved one more green day for us! Yes, one more green day. I don't know how much exactly. I am using my account to trade some options too, so, don't know how much was the contribution of diversified penny stocks. I believe +0.5% is very close to reality. Covestor will tell us tomorrow morning. By the way, yesterday Sept 22 our penny portfolio was up 1.48% vs. S&P up 0.68%

Few words about action today. As you remember I doubled FNSM position at $1.27 in the morning. Few hours later when bulls were getting weaker I sold almost all FNSM stake I added this morning for $1.40. Intraday 10% scalp is not bad at all.

AAU - sorry for wrong sell entry. Actually I bought it, not sold. In this strategy we DO NOT short sell penny stocks. If you see it here during the day - it's wrong. It should be a 'buy' trade, unless I specifically mention short selling in my posts. I just corrected the error. Covestor trade entry is not perfect, I need to admit. It is way better then Morningstar, but still ... Anyway, AAU is in a nice channeling pattern from the beginning of this year. Green volume spikes last week may bring traders attention and trigger action we are looking for.

SNEN - I was watching this symbol since its August brutal sell off. For the last month SNEN chart is in a quiet $1.20-1.40 channel. Not many SNEN sellers around. August negative news is old news anyway... SNEN - looks like it is a good candidate for some nice recovery move. At least $2 is a possible near term target...

Again, congrats with a very good and green ~ +0.5% (at least for us) day!