I was tuned into the markets afer 1:45 pm and had a couple hours to watch TNA. I took a paper-trade long at what turned out to be a good spot. I definitely exited far too soon. On the second and final practice-trade of the day, I was a bit early on the reversal from down to up and had to sit through some consolidation chop. I sold when the bid hit 53.09 and just as I hit the mouse button, the price plunged as if it had been shot. So, I got a bad fill and managed just a 6-7 cent winner. No matter... I liked the action today and was reasonably satisfied with my performance, though I'd have to only give myself a B- for a grade. Getting caught up in that consolidation zone on the second trade was a sign of impatience. If I'm using 5-min candles to read the market, I have to wait for 5-min candles to emerge and allow patterns to develop more before acting. The odds are better that way.
