Yesterday I bought a small long position in TNA; only 250 shares. With the monster run at end of day, I decided to sell at EOD for a $443 gain. Not much of a gain, considering the recent volatility, but I am happy with the fact that I put a positive number on the board. The last time I traded my live account, I lost over $3000 on a single trade. After getting some VERY GOOD advice from Scott Farnham to stop trading immediately, I did stop and committed myself to not trade again until I had a better understanding of what was going on. Not certain I have a full handle on it yet, but based on what I know now, I can't believe I dared to try live trading back then. It is my intent to put this long trade back on if I can get a good price, then hold it as a swing trade. I will not be day-trading my real account, despite this winner and my intent to put it back on. I haven't quite mastered this art just yet. I am still fighting my mental weaknesses, even though I feel my technical understanding and chart reading is sufficient to produce gains. It has been only 5 1/2 months of watching the market full-time; not quite enough yet to go full live trading.
