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

Wednesday, June 17, 2009

June 17th


Not too bad today, traded mostly my live account. Got suckered into a stupid trade on a lusy low-volume clunker on which I made a successful paper-trade this morning. I hated to end the day on a loser but it is what it is. Had fun attempting to follow Scott Farnham on TNA throughout the day. He was a prolific poster today and so I got a chance to see his uncanny feel for changes of direction. To do what he does is my ultimate goal.
In my live account, I played SKF early on and later played TNA as I followed Scott. My only real loss was that EOD clunker in which I managed to lose 33% of my gains; small as they were. Still thankful for the gain on the day and losers are to be expected, especially since I am relatively new to this and only in my third day of live trading since the two weeks last October when I first began. That's three days and all three for winners. I still expect a losing day anytime so that is what keeps me sharp.
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8 for 10 winners, an 80% win rate. Gains of $70 in the real acct and $21 in the paper acct in 6.5 hours of trading.

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