I didn't get to put up these paper-trades short in TNA from last Friday at the close. I was fading the move up and thought it would break down in the last minutes of the session. It didn't so I held the two-part short over the week-end. I was rewarded for my overly-risky move by getting a chance to scale out for a gain at the open this morning.
As I write this, about 8 minutes after exiting, the market and TNA are really dropping nicely and price is currently about 50 cents lower than where I go out. My trade idea was a good one but I left a lot on the table, as is often the case.
Day job is not very busy this week thus far so I expect to be able to finish my hardwood flooring installation project as well as do some practice-trading. Emergency service is a component of my day-job, so my time could fill and send this plan up in flames.
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Here in the northeastern US, it was raining like crazy yesterday. At my house, it was raining outside and inside, after I pierced a radiant-floor heating pipe between the first and second floor! Beating the long odds of hitting the pipe with a hardwood floor nail in just the right spot was quite astounding but that is how it works sometimes... in construction and in trading. I quickly shut off the heat zone, cut the power to the lights in this area of my kitchen, cut a hole in the ceiling and found the leak within 20 minutes. Minimal damage overall: the heat pipe I can fix literally in two minutes with a PEX coupler, the three by five foot hole in my drywall ceiling will be more involved. As will be the painting of the entire open-concept ceiling area for the sake of a 15 square foot spot! I wonder how using "stops" might apply to this situation? Maybe stops would not apply... this ceiling incident was more like a "flash-crash?!"
