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

Friday, August 24, 2012

First practice trade in quite a while...









I've been really busy with home upgrade projects since the return from our long bike trip and have been away from the markets. I should revise that by saying that I have had the charts up a few times over the past month but haven't made any practice trades at all. That ended this afternoon. I spent about 30 minutes measuring and getting a feel for movement again after my long hiatus. Then, I saw this extreme move up and decided to short at the high point. Good idea. With up to 60 cents available to me on this down move, I was out far too soon (as you can see from the chart) but my instincts for direction changes are still pretty good and for that I am happy.