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

Thursday, May 6, 2010

May 6th




I got to the markets late today, but not too late to miss history being made. Wow is all I can say. That was something to see, reminds me of Fall 2008 and March 2009.


Sure wish my charts hadn't frozen up. I took a short in my live trading account in TNA but the charts froze solid as price moved on my IB platform. Scared the hell out of me to be entering blind. So, I cancelled the trade at 35 shares. The total preset entry and exit is for 500 shares in my live account (1000 shares in my practice account). There was no way on a day like today I was going to "wing it" with Quote Tracker "locked up."


So, I am pleased to say I took 22 cents out of the market in my real-money trading account, the most in a day since last summer, if my memory serves. The bad news is that it was 22 cents on only 35 shares. So, gains today of $5.70. Pretty disappointing but on the other hand, I am not skilled enough to be messing with a market doing what it was doing today while my charts were a mess.


Also, got a cancelled trade bulletin from IB when I signed on to make this post. I've put it up for everyone to read... looks like all trades of a certain type and at a certain time are officially busted.