Checking In to Say Hello

Posted by Deb | Day Trading Journey | Monday 20 December 2010 12:16 am

Hi,

Sorry my break from trading is still not finished. I do not feel yet ready to go back to it. I am just checking in today to say hello to people who may be looking for me.

I am busy lately in some other “money making” scheme, in internet marketing. Actually it is the first internet marketing method in which I had really succeeded to make some money in a short time. Not a substantial sum, but still a nice sum. I will write about it here sometime soon.

Ciao for now.

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Taking a Break

Posted by Deb | Day Trading Journey | Monday 13 December 2010 11:38 pm

I am sorry I haven’t posted here recently. I am very disappointed in myself and in my recent losses of money in trading. I am taking a break now from trading, I will probably go back to the demo soon, but for now I prefer just not to trade for a while. I am more busy now in other ways to make profit online, I may write about it here in the next few days. Anyway, forgive me for not writing here for the meantime.

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For Readers Located in the US

Posted by Deb | Day Trading Journey | Thursday 9 December 2010 9:52 pm




Check this out, this seems to be a good deal:



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I Should Take Care of My Internet Situation!

Posted by Deb | Day Trading Journey | Thursday 9 December 2010 12:08 am

Today I went back to trading after a few days of not having time for it.  I shouldn’t have.  My internet connection was so bad today!

The market was very loaded today, with a big volume, and my platform was not reacting well.

The first position was a total disaster.  I started a long position, but the market changed directions and jumped down.  I should have quit immediately, but the market really jumped to a big loss and I decided to try and wait it out.  The problem is that with my shrinked account I can’t wait too much.  After almost an hour my stop-limit finally caught with a loss of $287.5 over 2 contracts.  Half an hour later the market went up again and I could have had a small profit.

I proceeded to try and reduce my loss.  The 2 subsequent positions, on 2 contracts each, reduced it to $212.5 and then to $150.  The final position was on one contract and reduced it further to $125.

The problem was that during all this time my platform was not working correctly, getting stuck very often and not showing the actual state.  The Sierra charts were also no totally synchronized with the market, but showed the situation a bit better.  With this bad internet connection I could only guess what is happening with the market, and that made me quit positions too quickly.

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Bad Trading

Posted by Deb | Day Trading Journey | Tuesday 7 December 2010 1:02 am

Today was a bad trading day.  I am really embarrassed to tell how stupid my trading was today.  It was as if I was playing with the demo instead of trading live.  I probably should have been trading on the demo.

When I entered a position it was not clear which direction I should be entering in, so I shouldn’t have entered it in the first place.  I entered a short position, but the market went up.  I added another contract, but the market went up more.  Than it finally went a bit down but no enough, and I decided to quit on one contract.  I was at a loss of $37.5.  Soon after the market went down more and I could have quit with a profit of $50 on the second contract, making a net of $12.5.  That had meant a very small loss, because of the broker fees, so I waited for the market to go down one more pips.

This never happened.  The market went up again.  I again added another contract, but finally after a very long wait had to quit with a loss of another $12.5, making a total loss of $50 over 3 contracts. 

This position had been very long, wasting my time and patience.  When I finally quit it was because my kids were already getting impatient, wanting to eat supper.  I really should have a time limit for each position.

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Chanukah

Posted by Deb | Day Trading Journey | Thursday 2 December 2010 4:23 pm

The festival of Chanukah has started last evening, and I don’t have much time to trade. Between all the childrens’ events, and the holiday we are going to take starting tomorrow, I don’t have much time for trading.

Today I did find some time for trading, though the market wasn’t moving much, and didn’t have any definite direction. I made only $50 over 3 contracts. Next time I will be able to trade will probably be only next Wednesday.

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