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

Tuesday, October 4, 2011

New Stock Entry

A while back I outlined the fact that I had made my first Live Trade in two years. While I am still not back into the market in my trading account, I have taken a longer timeframe position in TNA in my Roth IRA account at TD Ameritrade. This is a fairly inactive account, with only three trades thus far in 2011; gains of 25% on those three TNA trades. My current entry price is long at $28.41. I am prepared to ride some serious volatility with this 3x small-cap mover... in fact, it was up $5 in the last 35 minutes of the day! I was tempted to take my gains, but I decided to stick to my game plan on this account and hold, even in the face of a down trending market.

Good trading to all!