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

Tuesday, October 5, 2010

October 4th - Monday


I didn't get to put this chart and paper-trade record on the blog last night after market close. Between day-job appointments, I had about 20 minutes at the office around lunch time to look at the markets. I found TNA near the bottom of a long move down and decided to take a long trade where I thought appropriate. I held through a slight drop in the following candle, saw some movement in a positive direction in the next candle, then a pop up. Shortly after the trade went positive for me, I added to it. A slowing of momo in conjunction with having to be at my next day-job appointment at noon suggested that I should exit. I scaled out for two winners.
Because of day-job, I might not get to practice-trade today. I'll see how the schedule breaks down as the day goes on.