$200!

Posted by Deb | Day Trading Journey | Wednesday 19 May 2010 10:40 pm

Yes, today I made $200 on 4 contracts!  It’s been a long time since I’ve seen such figures.  I am sure that for experienced traders this is nothing, but for me – what a great feeling.

In the first 3 weeks I was trading, back on the end of January and the first weeks on February, I would be making these figures alot.  And then I began going down.  So now I am always afraid.  It’s been now straight 7 trading days of making profits with no loss.  I know I just have to keep myself, not to feel I am sure, be careful and not greedy, and then I can win.  But I am all the time afraid I will start loosing again.

The market was moving today very fast.  First I went in with one position, and the market went to the other direction.   I was sure it will get back, but it took so long that I decided to exit the minute I could, with only 1 pips ($12.5).   A few minutes later it moved in my direction and I could have made $200 immediately, but I don’t blame myself:  I really couldn’t have known, and it is better in such a case to exit, as otherwise it would have been pure gambling.

The second position I also had to exit quicly, as the market was moving fast back and forth.

The third position I was already sure about, as I have been watching the market for already half an hour and had a good guess what would happen.  I went in with a short, and when the market went up I added another short in a higher point.  And sure enough, the market went down and I got my profit.   Hurrayyy!

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