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

Tuesday, July 2, 2013

July 2 ( Gain $161.72 )

Three trades of TNA in the IB trading account today resulting in three winners of 40.60, 26.00, and 95.12.
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Sadly, I got out of my first trade too early after a great entry short; $50.22 at 11:49 am.  Six cents below the high print of the day, at the start of the biggest trend move of the day...  It's hard to get a better price than that.  Based on that entry, I had $2.00 per share available to me; my gain was a meager 9 cents, 4 % of the total move.  Plain foolishness... really.
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I made a long trade in TNA from a retirement account and did not include it in the above totals.  I took $339 on 1000 shares long at $48.32 during the 2:40 pm candle.  Another good entry, going long only 11 cents from the low print of the day.  I exited at about $48.65. Still early, it was a better exit than most I've performed in recent memory.  This move allowed me up to $1.00 per share of gains had I traded it perfectly.  I took approximately one-third of the trend as gain.