This sequence of trades in TNA was insightful. Two stop-outs in a consolidation area then catching the breakdown. It is clear how sticking with an idea can pay off... novice traders would hesitate after the second stop-out thinking the next move would also be a stop-out. I know, I've done it often!
I will endeavor to post charts showing my daily trading activities in as real time as possible. However when there are fast market conditions there will be several minutes delay while I sort out my positions, then get around to posting the changes here. I trade off 5 minute charts in conjunction with 15 min. charts and pay close attention to 5 min. charts of the S&P 500 and QQQQ.
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This sequence of trades in TNA was insightful. Two stop-outs in a consolidation area then catching the breakdown. It is clear how sticking with an idea can pay off... novice traders would hesitate after the second stop-out thinking the next move would also be a stop-out. I know, I've done it often!
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