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

Friday, May 4, 2012

just the one trade today, I believe



Looks like my exit at 10:57am was very timely. Momentum had indeed dried up and the stock has been lower since. I had speculated that TNA would oscillate over the S2 pivot line and it appears to be doing that up to present. Where it goes from here, I don't know.

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It's 1:30 pm and I've only made the one practice trade today. A lot of distractions around me plus I have an appointment at 3:00pm. So, I will check out the charts as I get ready for my appt but not get involved...

Exit at $54.39




Exited here... perhaps a bit too soon but it feels like Momo is slowing.

+46 cents

First today



Long at $53.93.



Not sure about this one... there was a whole lot of craziness with the Bid/Ask at this level for 10-15 minutes after I got in. This one could come crashing down or some extended oscillation over the S2 pivot.