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

Thursday, June 20, 2013

June 20 (Gain $97.63)

Gain of $97.63 on three positive trades in 500 shares of TNA each.

Monster day in the markets.  All three of my winners were on mean reversion/ fade the primary trend of downward movement.  Kind of ridiculous to be looking long on the biggest down day of the year (?).
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I had a couple practice trades that were shorts and they worked out well, obviously.  I also took a couple practice trades long; 3:25 pm and 3:35 pm.  Both stopped out at the bottom of the candles.  Now, as the market is in its last five minutes, those two trades would have been big winners as price rallies big in the last 10 minutes.  I believed it was going to go up, but my execution was wrong.