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

Tuesday, May 7, 2013

May 7 (Gain $55.91)

Short 500 shares of TNA at $45.75 at 9:40 am.   Covered all at 45.75 at 10:08.
Gain $55.91

Out far far too soon.  I have to modify my strategy to account for my lack of exit acuity.  Perhaps taking off half to lock in small gains then allowing the remainder to stop out at breakeven or run to the full extent that momentum will carry it.  Now, to find a quick easy way to do this in the inefficient, clunky, inadequate IB trading platform; that will be difficult.
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Short 500 TNA, $46.08 at 1:36 pm.
Short 500 TNA, $46.37 at 3:59 pm
Average cost: $46.22