I was able to sit in for the last 45 minutes of today's session and picked up three winners as I sorted through my snail mail and email.
The TNA chart was screaming at me that a big downdraft was coming... a very strong feeling. So, I took the paper-trade short at the 3:25 pm candle and held it as it briefly inched up... at one point the trade was in the red about $70, then down it went. it hung up at the EMA 7 so I watched it a bit... then, it drooped some more and I bailed out on it. Shortly thereafter, it sank like a stone and as I came back to the computer I realized I had chickened out on the best short opportunity in TNA all day, even after recognizing the signs, having the gut feeling and getting a short-entry within six cents of the top of the move (also the HOD).
So, to ease my pain, I scalped a quick winner near the bottom of the move. Later, near the close, I took a flying leap and shorted what I thought would be the top of final move of the day (because of the settled price of the 3:20pm doji). It wasn't a bad call, catching the short scalp within 6 cents of the final top of the day.
