First of all, this is a speculative trade. Today, we open a long position on CAGC at the price of $24.34. The reason is because CAGC has been holding 500-day moving average (50-DMA) as its strong support. The stock moved to below 50-DMA in early February; but then it rebounded nicely.

The MACD indicator is still moving down; so there is a possibility that the stock might break 50-DMA and go to the next support at $19.97 or even $16.09. That’s why; we’ll be monitoring this trade very closely.

PS: For those who are new to our trading journal; we’ve been doing stocks trading based purely on technical analysis. The goal is, of course, to beat the index by timing the market. You can follow our trading journal closely from our Covestor as well.

Finally, we are able to setup our Covestor account. Our URL at Covestor is:

http://www.covestor.com/mbr/1stmilliondollar

For those who don’t know, Covestor is a portfolio sharing service where tens of thousands of self directed investors share their real trades. You can also follow them live for free. If you find a successful investor, you can even replicate their trade activities on your account.

As you can see in the picture above, our return month-to-date is 13%. Our return since inception is 15.46%. The inception is actually February 2010 when we opened our account and imported our transactions from our broker. Unfortunately, there was a technical difficulty with our account; so it wasn’t ready until last week.