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

Tuesday, December 14, 2010

December 13 & 14 (Monday & Today)


I've been tardy getting my posts up in a timely way. Here is yesterday and today. I was unable to spend the either entire day on practice trading but I am always happy to have the time I do get.
I have reduced my standard trade size to one-quarter of that which I have used for most of the two years I have been practicing: now 250 shares down from 1000. With the exception of the cover of Friday's short in TNA.


Monday, December 13, 2010

December 10 - Last Friday


I forgot to put up Friday's simulated trading results. I am currently short a practice-trade in TNA from Friday. Could be a rough opening for my position, given that the futures have been strengthening all morning. I am with a customer for the early morning then back around 11:00 am or so. I'll have to wait and see how my swing-trade fares.

Thursday, December 9, 2010

December 9


I struggled some with the accuracy of my entries but bought my way out of it by picking my spots carefully as I scaled in. Certainly not ideal, but effective. At some point, I will accept momentum and choose to play with trend more often than counter-trend.

I took it on faith that I would begin to feel when direction changes are to take place and I am starting to get it, for the most part. Much more to learn though, that's for sure.