Off and on through the day, I did some practice trading and was completely out of sync with TNA, the stock I was working with. Other than my 12:54 pm short, I was wrong on my reads, mostly because I am predisposed to look for direction changes rather than riding momentum. Although, on a few of my paper-trades today I was trying to enter at S/R levels and was getting caught on the wrong side of the breakaway. I basically sat on some losers until they reversed in my favor or cheated by "buying" my way out. Today was one I want to forget, the sooner the better.
I am also short some TNA overnight at 56.27, which in hindsight is not the best place to be given the market's penchant for closing opening gaps like the one from this morning. I'm thinking it will be down some after the open considering the run-up in the last ten minutes in addition to any carryover of nervousness from geo-political tensions in S. Korea.
I am also short some TNA overnight at 56.27, which in hindsight is not the best place to be given the market's penchant for closing opening gaps like the one from this morning. I'm thinking it will be down some after the open considering the run-up in the last ten minutes in addition to any carryover of nervousness from geo-political tensions in S. Korea.
I have an early am day-job and might not be back for the open. It is my intention to take any gain I can no matter how small.
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