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

Friday, July 5, 2013

July 5 ( Loss $76.74 )

At the very end of the day, I tried to scalp a 1000 shares short in TNA at $51.45.  Covered half for the above-noted loss.  Holding the other 500 shares for Monday.  This really isn't the sort of trading I want to do, but my gut tells me a pullback is due after an eight day move up with a close so close to the high of the day.
Because this was a scalp. I'll be looking to cash this one out ASAP on Monday, especially if it is down near my target of $51 even.  Potential slap in the face with no stop engaged, however.
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