The rest of the day...
Some TNA and some ES. Was upside down in TNA after a lack of patience had me shorting it far, far too soon. I took it short off a volume spike combined with where I thought a trend line might hold as resistance. Not to be, as it turned out. Same old, same old, from there. I held it instead of stopping out. I DID NOT average better price by adding however, which exhibited unusual discipline for me. TNA, like the market, rolled over and came back. I took a loss by covering at a spot which felt like a reversal was developing. Price did reverse at that point but it was just a pull back from the general afternoon trend. Had I held, I would have had the chance to get out close to even. No worries, I deserved a loss after holding it like a fool. A quick scalp by reversing direction and going long where I exited was a chance for a small gainer to offset the loss.
On ES, I took two contracts short just a bit early but near the top for the day. Impetus was approach of the R1 pivot on a volume spike. It rolled over an hour later then at 2:00 pm I scaled out half as it started to feel like momo was waning a bit. See chart. I held the other half through that pullback then exited all on a volume surge down. This was far too early however because ES dropped through the close; it is weak still in afterhours. I missed an additional 3 points approx.
