New Book

I was watching CNBC Squawk Box in the morning last week when one of the hosts, Andrew Ross Sorkin, brought friend Charles Duhigg, author of the book, "The Power of Habit," on the show to discuss the book. I knew immediately that this was a book that I wanted, perhaps needed, to help me toward my goal. I received it yesterday and am looking forward over the next week or two to give it some close attention.

I'll update the blog now and then to discuss what I am finding out from it.

Now

This is where we are now in TNA. Price has popped nicely after consolidating around the area where I got in for my most recent trade. So much of this art is in timing and execution in addition to getting a good read or feel of momentum. I have a good deal of work ahead of me... but I am up for the challenge.

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2 nd trade, cont'd

Had a chance to take 30 cents out of my trade on the 2:25pm candle. The next cnadle dipped below my stop so I am out with my loss.

Price dipped another 8 cnets and is now rebounding up. Hate that because it happens so often.

It appears my gut was right when in my first post of the day I wrote the market seemed it would drop. As I write this, the price is consolidating around my $62.98 entry from a short time ago.