Animal Life

Posted by Deb | Uncategorized | Monday 21 June 2010 11:05 pm

I want to post here a story that has no connection to emini futures trading:

I have a dog, I’ll call her T.  T. is 2 years old, and has been with us since she was 6 months old.  She is a very friendly dog.  Mainly to kids, but also to adults.  At the begining she was very friendly to dogs too, but her bad experience with some bigger female dogs made her sometimes too suspicious.  Though T. is still very energetic and very happy when she finds a similar-spirited puppy or young dog with whom she can play.

Last Saturday I was walking her, and we passed another woman with her dog – a big black female dog.  When seeing us, her dog pulled herself out of her control and jumped on my dog and bit her.  I and the other woman immdiately separated them, and I took T. in my arms and got her away.

This morning as I was walking T. we went to a particular little piece of grass she loves.  In the middle of this grass there was a cute white cat.  Often, when T. sees cats she starts running after them (to my knowledge she has never caught one, and of course never bit any cat).  So T. sees this white cat, and looks at her.  For a minute it seems she wants to chase her away, but then she stopped, remembered her bite and stopped to lick her wound.  It seemed like she was thinking something along the lines:  “I don’t like being chased away and bitten, I won’t do it to somebody else”.  So she stood there staring at the cat, pondering what to do.

When T. first looked as if she wants to chase her, the cat looked anxious.  Then she relaxed and lied there looking back at T., appearantly with no fear.  Finally, T. wanted to play with her.  She jumped around trying to intice her to play, as she does to other friendly dogs, but the cat was not interested.

I approached the cat to give it a pat, and when I bowed down I saw near her a dead lizard with a stain of blood on its neck:  The cat had just bitten it and killed it.

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Going Slow

Posted by Deb | Day Trading Journey | Monday 21 June 2010 8:08 pm

I am still going slow.  Today I had 2 positions, each on 2 contracts, and made a small profit of $125 (minus the fees that is just under $100).  I am still very cautious during trade.  I hope I will be able to regain my confidence soon.  I feel very badly my loss of $1500.  I don’t know how much time it will take till I can go back to making $250 a day.

The first position I had today was real quick – I got out of it in less than 5 minutes.  That made $50.  The second one was slower.  I started with one contract, than added another Probably took about 15-20 minutes.  In any case, as I said in my rules I posted here lately, I really wish to have my positions as short as possible.  No more than 30 minutes.

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A Small Profit

Posted by Deb | Day Trading Journey | Friday 18 June 2010 5:33 pm

I thought the rule would be “only one position after a day of loss”, but couldn’t keep it. Maybe the rule should say “only one position after a day of been thrown out with a loss of -$1000″, and “only one contract in the second or third position on the day after a day of big loss”. I’ll have to see.

Anyway, I was very cautious today. My first position began with 2 contracts, than I added one more, and a quick exit so as not too lose. This position gave me a profit of $50. This was too low for me, so I did a second position with one contract which gave me another $37.5. So I had a total of $87.5 on 4 contracts. Not a big profit, but at least no loss. Next week I will probably still go slow, but I think I will let myself enter a second or third position to get a profit of at least $100.

So here are my rules for the time being (I will probably add or change in the next few days, and than put them on a separate page):

1. On a regular day I can have a maximum of 3 positions, until I have a profit of at least $150. (Meaning if the first position gave me already a net profit of $150, no more positions for the day. A net profit is the profit minus the fees).

2. After a loss of $350 I have to quit for the day.

4. A position should not take too long. After half an hour I have to look for the next opportunity to get out.

5. After a day of a “grand loss” (-$1000), I can have only one position on the next day.

6. After a bigger loss, of more that $350, I can have no more than 2 positions, where the second position will be only on one contract. I can enter a second position only if the first gave me a net profit of less than $50.

I will probably add more to this during the next days. I will also put this as a separate page (I am also planning to add a page of trading tips).

Ok, Shabbat Shalom.

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Another Nice Video

Posted by Deb | Politics | Friday 18 June 2010 12:51 pm

I didn’t have yet the time to write down my rules. Probably only next week. Later today I plan to try trading again, but this time I think I will let myself only one posiiton. I hope not to lose again.

Meantime, I would like to put here another nice video (lets see how much time it will take the anti-Israel forces to get youtube to pull off this one):

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Another Terrible Day

Posted by Deb | Big Loss,Day Trading Journey | Thursday 17 June 2010 5:26 pm

Today I lost -$375 on 8 contracts. I begun with a fair position of 2 contracts in which I made $75. Then I begun to loose – I had one big bad position (of 5 contracts), and then a small loss with one more contract. When I was in the middle of that big contract I forgot their was supposed to be a financial report at 17:00, in which I shouldn’t have been in a position. But I forgot, and then my son called me at exactly 17:00 when the market was diving down and I was in the middle of a loosing long position. In my confusion I pressed buy instead of sell when I wanted to exit on one position, which of course made things worse.

Last time I lost -$1000 I also lost the next day, I think it then was about -$300. I think I have to make my self a rule that on the day after a big loss, especially a grand -$1000 loss (which I hope not to have again!), I must do it slowly, and quit after one position, whatever the result is.

I have to leave now to take my son, but later today I want to sit down and writer here my rules. And you, my readers, are invited to point out to me any violation. Please!

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Still Shaken

Posted by Deb | Day Trading Journey | Wednesday 16 June 2010 9:37 pm

I am still very shaken from my loss today. Part of me is still in denial. It is not as bad as the last time I lost $1000. Then I was not sure at all I can make profits. Now I had 5 straight weeks of no losses, and then – this.

My money situation is so bad, it is not funny. Why did I have to be so stupid? I am such an idiot. After my first position today, I had $6000 in my account. I could have cashed $1000, and make my bank much happier. Now I probably have about $4800 or $4900 – tomorrow morning I will find out exactly how much I lost (the point at which the system threw me out + the fees). Why was I so greeedy?

Now I am again unsure of myself. Will I be able to make tomorrow my usual of profit of $150-$200? Will I have to go slow again and make small profits till I am confident again? Will I have more losses in the days to come?

Again and again I am analyzing that bad position. At what point should I have realized I must get out of this? Was I able to make things better? I know that in my method of adding contracts to losing positions you are bound to loose sometimes, but at what point should I have realized this is the case and taken measures to minimize the loss? I know that when the market was down to a difference of -$425 I should have gotten out from 1 or 2 contracts. I should also figure out how to limit the time I am in a position. It took me today about 2 hours. That’s way too long. From a good position I can be out in 10 minutes. 30 minutes should probably be the limit.

Meantime, as you can see, to amuse myself I am playing with this blogs theme. I hope you like the new appearance. Now I have to find things to advertize in the advertizement slots, or some other things to put there. Actually I have not yet figures out how to put there things. I will have to find out.

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Greediness is the Mother of all Evil

Posted by Deb | Big Loss,Day Trading Journey | Wednesday 16 June 2010 7:15 pm

I lost again $1000 and got locked for the day!!!!!!

As some of you may already know, Wednesday is the day when I have to trade early so I can take my daughter to my swimming lesson. Well, I started trading early, but things did not end when I had to take her. Well, I left 2 profit exit points in a reasonable place, a far enough stop loss, and went out to take her.

Because of this, I did not wait to watch her swiming as usual, but ran back home to check my position. Everything was well: The exit points caught, and I made a $187.5 profit with 3 contracts. I should have stopped there, as I had decided already that a $150 profit is enough for me.

But this morning I took a look at my bank account and things were nasty there. So I decided to try again. BIG MISTAKE. The market went against me, and I had to go out and get her back. I went out again, and when I got back things were awfull: The market went way in the other direction, and I was at -$650. No points had caught yet, and I sat and waited. At one point it got back to -$425. I should have sold one contract then, but no: I stayed in the position, and finally it got to the terrible -$1000 point were I got locked out for the day. All this weeks profits are gone (and more), my confidence is almost gone, and my bank account…. Oh well. It will have to wait.

Back to square one.

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