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Closing TNA Early For a 20% Gain

With IWM at gap resistance with negative divergence in place on this 15-minute time frame, I'm going to go ahead and close the TNA long trade here early (TNA is trading around 61.30) & book full profits. for a gain of 20% in just over a week. As I don't believe the R/R warrants remaining long to try and milk out the last 4% or so upside left to the 60-minute downtrend line,  I am closing the TNA trade both personally & officially with all related posts on this trade to be moved to the Completed Trades category for future reference.

IWM 60 minute 2 Oct 8th

IWM 60 minute 2 Oct 8th

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Oct 8, 2015 11:24am|Categories: Completed Trades - Long, Equity Market Analysis|Tags: , , |Comments Off on Closing TNA Early For a 20% Gain