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

Friday, June 21, 2013

June 21 (Gain $45.82)

One live trade, one winner.  Out far, far too soon.  Long 500 shares of TNA at $44.82 at 2:10 pm.  Exit all at 2:11 pm for 10 cent gain.  Price eventually hit $45.88 in the 3:30 pm candle; over a dollar available to me had I stayed in.
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My practice trades were also mostly successful with some stop outs.  I didn't take the trade, but the SPY doji at 11:45 am on the 15 minute chart was a nice signal to go Long.

Thursday, June 20, 2013

June 20 (Gain $97.63)

Gain of $97.63 on three positive trades in 500 shares of TNA each.

Monster day in the markets.  All three of my winners were on mean reversion/ fade the primary trend of downward movement.  Kind of ridiculous to be looking long on the biggest down day of the year (?).
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I had a couple practice trades that were shorts and they worked out well, obviously.  I also took a couple practice trades long; 3:25 pm and 3:35 pm.  Both stopped out at the bottom of the candles.  Now, as the market is in its last five minutes, those two trades would have been big winners as price rallies big in the last 10 minutes.  I believed it was going to go up, but my execution was wrong.

Monday, June 17, 2013

June 17 (Gain $68.21)

Once again, out far too early.  Shorted 500 TNA at $49.72 per share at 10:04 am.  Exited fourteen minutes later at $49.56.  The final low price of that move was $49.10; Sixty-two cents. I took only 16 cents.
I had four other trades that really didn't do much; two winners under $13 and two losers under $11.