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

Thursday, February 28, 2013


This was yesterday's practice trading. 
I have also been live trading sporadically in Mrs. Bluecollar's IRA and am up $506 in limited activity in that account.  It is hard because I cannot short in her account so using TNA's mirror etf, TZA, is cumbersome; further hobbled by using the TD Ameritrade platform that is so dysfunctional it reminds me of every useless kitchen gadget I've ever seen.

Saturday, February 2, 2013

For the first time in approximately 3 1/2 years, I made a live daytrade yesterday.  It was not in my Interactive Brokers trading account but rather in Mrs. BlueCollar's IRA.  I am a fan of the 3x smallcap index etf  TNA but her IRA does not allow shorting so I traded long its inverse etf, TZA.  2000 shares, I went long just after it bottomed then the market went as dead as I've seen it for about 2 1/2 hours !!!!  I couldn't believe it... I hadn't seen this as long as I remember in TNA or TZA inthis case!  I went long in this inverse etf just as the DOW hit 14,000, a major milestone.  Then it just sat there.  Finally, the markets retreated and my etf went up some, though not to the extent I was expecting.  That means the markets will likely drop on Monday, in my opinion.