"A man is not finished when he is defeated. He is finished when he quits."

Thursday, February 6, 2014

Popping in to say hello

It has been about half a year since my last post, and many months since my last look around backstage here at bluecollartrader.  Time flies, eh?
I found a few comments and published them a short time ago, as well as answering the two people who left the notes to me.  Thanks for stopping by.  I hope my answers were somewhat helpful.
I am still studying and practicing in the markets every day.  For four months, I was working a full time job at night so I could spend days at the computer, but that seasonal position has ended.  It was very tiring but I am still committed to make trading our sole means of support.  For now, I am back to 100% focus on the markets.
My chart reading skills are sharp now, but I still struggle with the mental aspects of trading.   As my edge is refined, the improved feel for momentum together with confidence / certainty help significantly with the mental struggles.  Really... there is nothing that builds confidence like an edge that actually works.

I will do my best to post more, but I cannot promise anything right now.  Best of luck to all.

Monday, August 5, 2013

August 5 - ( $0 )

No changes in the trading account since last post.

Long 1000 shares TZA in the retirement account at $24.45 in the 3:50 pm candle last Friday, August 2nd.  Sold all at $24.62 in the 9:40 am candle today; three cents after touching the HOD.  No other activity.

Gain of $189.

Wednesday, July 31, 2013

July 31 ( $0 )

I haven't posted for a week or so, because I have had zero activity in any of my accounts.  Still holding TNA and TZA in my trading account.  It hasn't been fun to watch, but I do believe we are poised for a break to the downside.


Today, I took a long in the retirement account; Long 1000 TZA at $24.91 at approximately 2:54 pm.  Sold all at $25.11 around 3:34 pm.  Gain of $181.   My read and entry was a good one, but my exit was early, leaving a great deal on the table as TZA rose steadily beginning about 6 minutes after my exit.