Not much of a gain today on the two trades. But, both trades were good entries, especially the second one; shorted 500 TNA at $45.20 at 3:44pm. Out too soon on both... the same old song and dance routine. I took only 9 cents out of the 40 cents that my two trades would have allowed me.
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On the other hand, gains are good and my entries continue to be pretty good and improving.
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Two of my three practice trades would have allowed for gains over a dollar; eighty cents on one and 35 cents on the other... excellent entries on both. The third practice trade was a short in the 3:15 pm candle that went ten cents in my favor then reversed hard to form the final push up from 3:20 through 3:35 pm. It would have stopped out, in other words.
Documenting the Journey From Bluecollar Guy Doing a Bluecollar Job to Trading the Markets for a Living
"A man is not finished when he is defeated. He is finished when he quits."
Tuesday, June 25, 2013
June 24 (Gain $194.47)
Five winning trades out of five taken, though one was basically a stop out. All in TNA, each with 500 shares traded.
Winners of $46.01, $31.03, $55.81, $60.80, $.82
Two were trades taken with exits too soon. One was the stop out. The other two were trades taken in situations where momentum was brief or slowing. Late entry on one, and the other was just a pullback.
I took a couple practice trades that were much more profitable than my live trades. Pulling the trigger more frequently is necessary.
Winners of $46.01, $31.03, $55.81, $60.80, $.82
Two were trades taken with exits too soon. One was the stop out. The other two were trades taken in situations where momentum was brief or slowing. Late entry on one, and the other was just a pullback.
I took a couple practice trades that were much more profitable than my live trades. Pulling the trigger more frequently is necessary.
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