Bad Internet Connection

Posted by Deb | Day Trading Journey | Friday 30 July 2010 4:37 pm

My internet connection wasn’t working since yesterday afternoon. Now I finally have internet, but not wireless connection. I’m happy I wasn’t trying to trade live yesterday or today! I would have been freaked out with no internet connection with so long.

I don’t know if I will have time today to try trading on the demo before Shabbat.


Finally Some Good News (Well, Somewhat…)

Posted by Deb | Day Trading Journey | Thursday 29 July 2010 6:23 pm

In the morning I thought I will not trade today. I really didn’t feel like it. Although I already decided I will trade now only on the simulator, I was still hesistant to try. The shock I got was too big, and I was afraid. On the way home from work I still didn’t think I will trade. I was thinking to myself: “Well, I don’t want yet to trade. I don’t know when I will fee like going back to it.”. I am too busy now looking for other jobs meanwhile.

Then I sat near my computer. First I read my emails. Than I decided just to take a look… In no time I found myself trading. It was the simulator, but it went well. I got $100 in 15 minutes, on 2 contracts (the position itself took only 3-5 minutes). Not much, but it is a good start to boost back my confidence.

There is a book I want to read about the psychology of trading, which I am finding to be the most important part of trading. I am a woman with not enough self-confidence, and I am sure that is my main obstacle in trading. That’s why my initial loss got me off the stable ground and made me fall so quickly. I hope to get the book soon, I will write about it after I get to read it. Though a book catered too women will probably suit me more, men usually are more assured of themselves, and often have a different psychologic basis (does anyone here know about such a book?).

Anyway, I feel happier now. I still have a long way to go till I will be back trading, and a longer way to go till I will be making some profit again. The important thing when I go back to trading will be to get my account back to a normal size, it is so low now, I almost can’t trade. Another loss will literally get me out of the market, psychologically and financially, so I have to be very careful.

In any case I decided not to try and rely on any profit from trading in the near future. After I hopefully (please G-d) will get my account back to order, I will concentrate first on getting it a bit bigger. I hope I can do that, and that I will find enough other sources of income for the meanwhile. (Plug-in: Do you need a C++/C# programmer or a website builder? If so, please contact me).

Meantime, here are some other means of profit: If you are located in the United States, you may want to check out the following link. It is a website in which you can bid for the stuff you always wanted to buy, and get it much cheaper. You may win a Wii, a kitchen aid or an SLR digital camera for pennies. Try it out: 95% off Electronics, Gift Cards, and Appliances.

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What Happens to all the Money Given as Aid to Palestinian Authority?

Posted by Deb | Politics | Wednesday 28 July 2010 12:11 am

It’s been a while since I put here a political link or video. Today somebody sent me an interesting video, I want to show it to you:


Extended Break

Posted by Deb | Uncategorized | Tuesday 27 July 2010 6:04 pm

I am still taking time off trading. I think it is best. In the last few times I said I will take a break I didn’t really do it – anyway not more than one day of break. I knew I needed to take a longer break, but couldn’t; I was too anxious to make money and cover up my losses. But from my experience, taking break after a loss is necessary. Otherwise the next day you come to trading with a losing attitude, whether it is conscious of it or not. And when you have a losing attitude, you will almost certainly lose.

After my first $1000 loss I took a whole week’s break, and I needed it. When I came back to trade I had a new attitude, and that made the difference. I was winning and winning for almost 6 weeks. Then I lost again $1000, and from that point I entered the whirlwind of losing and losing. I came with a conscious attitude of “This can’t be happening! I must win again!” and with an unconscious attitude of “Oh no! I can’t let myself lose!”. And so the periods between one loss and the next became shorter and shorter.

Now it seems I must take a longer break, which I will use for learning some more. In a few days I will start trading on the demo system. Though it is very hard for someone used to be trading “live” to go back to the demo. Maybe I will also read a book or ebook that will give me some more knowledge and confidence. Only when I feel ready I will trade again. I hope it will not take too long, and that I will really be ready.

When I tried taking off from trading in the last few weeks I couldn’t. It was as if I was addicted to it. Now I am too afraid, it seems I needed this “shock treatment”.

Anyway, I will try and share here my adventures and insights during this in-between period, whatever its lenght may be.


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Malicious Virus

Posted by Deb | Uncategorized | Monday 26 July 2010 8:23 am

As some of you may have noticed yesterday, somebody had attacked this site with a virus, and it was not functional for a day or two. I spent about 5 hours cleaning all the files, and still have more infected files in another site that sits on the same server. Why are people so mean? Why do they do these things?

I had a lot of thoughts I wanted to write down here yesterday, but couldn’t because of the virus. Maybe I will write them later today. I hope the virus won’t attack again.


Checking In

Posted by Deb | Uncategorized | Friday 23 July 2010 5:41 pm

I am just checking in to say hello to my readers. Yesterday I couldn’t resist trading again, and I lost again (my daughter was whining and intefering in the critical moments – so I was a bad mommy AND a loser). Now the risk management team at my broker’s lowered my limit to $900 – then they will lock me out. Actually, at such a loss I will be locked out for good as my account is running very low now.

I must hold myself from trading for a while. I phoned the Transact hotline and finally figured out how to use the demo mode (which is called “live simulation” – the demo is for beginners who don’t have yet an account – that’s what confused me). I will allow myself to trade live again only after I win on at least five consecutive days on the simulation mode. Otherwise I will really be out of it. I will let you know how I am doing on this next week. Today I was too tired to try the demo mode. I didn’t sleep much at night.

Meantime I have to make some money by other means. No other choice. If any one here needs a freelance C++/C# programmer, let me know. Otherwise I will have to go back to full-time job, and actually there aren’t many of these.




Posted by Deb | Uncategorized | Wednesday 21 July 2010 7:27 pm

Hi There,

Just checking in to tell everyone I am still here. Holding myself not to trade. Trading got to be part of my day, I feel addicted. On one side I am happy not to have this stress these days, on the other side I want to make money again.

I know I have to hold myself and not trade for a few days, probably a week. I also have to think of other steps that will help me build back my confidence and have the right attitude again: Either a one-on-one session with a tutor, or another trading course. Maybe I should also pick some book about trading strategies and learn a little, so I will come back to trading with a better attitude. That’s a good thought. Too bad – I was in a bookstore today to pick up something for my brother’s birthday, I should have looked for something for me too. I’ll have to do it.

Well, off I go – I have to go to my brother’s birthday soon.

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