I was able to take 2 more practice trades in TNA after my work appointment. Mostly I watched the market closely, seeing other areas to get in but satisfied to just study.
Wednesday, December 8, 2010
December 7(yesterday) & December 8 (thus far)
I'm late for a customer appointment and can't comment. Maybe more later if I can think of anything to offer.
Tuesday, December 7, 2010
December 6 (yesterday) & today so far (Dec 7th)
I didn't get to post yesterday's practice-trades in MCP until now. I got to the computer after 1:00 pm yesterday and shorted into a huge upday in MCP to take advantage of a reversal area at 1:35-ish. Also, at days end I saw an opportunity to short for a profit-taking breakdown. It didn't come so I held overnight and was rewarded this morning. I didn't get an opportunity to cover at the 10:00 am bottom because I couldn't sign on to my platform until after 10:30 EST. I expect it to break down more, though one can never be too sure. Certainly not sure enough to hold a short for a long swing-period! I don't know enough about the fundamentals of the recent bid for Molycorp to risk a longer term hold on a stock that ran up the amount it did yesterday.
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