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

Thursday, January 21, 2010

January 21


Wow, the markets were lively today! Too bad I was out pretty much all day on Day-Job. I did get a chance to sit in on the markets for the last hour or so and saw many practice trades I might have taken. However, I was content to mark my charts and watch closely at the movement of FAS and TNA. For a person who knows how to trade, today was a banner day. I'm still looking forward someday to being practiced enough to get in with real money on days like today. I did take a practice trade long in FAS off the deep dip candle that happened at 3:05 pm. At the next candle, near its bottom when I felt the momo had subsided, I went long then sold a bit early but for a winner. Then, I closed out a TNA short from yesterday afternoon which I had held overnight (something I would not do with real money), also for a gain. I took one more trade at the close, a long in TNA. The trade did not work out and I sold it for a loser about 15 seconds before EOD. I was originally looking for a rally off support around 43.75 but the EOD dump was too strong. Support was finally found by TNA but it was at the LOD.

Monday, January 18, 2010

Snow Day

Snowing like crazy here in this part of Maine. And the market is not open.
Looks like I'll be plowing the white stuff along with wiring some of my new home project today...

Friday, January 15, 2010