Good Again

Posted by Deb | Day Trading Journey | Monday 31 January 2011 7:36 pm

Today was another good day.

When I opened the trading platform it seemed the market will soon go down. I put a short order of 2 contracts on the next resistance line and waited. The market went slowly up, but then I worried it won’t go up enough. I already saw a few cases when the market stopped just one pips before the resistance line and turned back, without reaching it. I decided to add one more order one pips before the resistance line.

The single order caught fast, and about a minute later the double order caught too. The market went up one or two more pips, and then turned down. My profit points caught very quickly, and I exited with $112.5 over 3 contracts. Yay! I hope I am starting a good trend.

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Another Success!

Posted by Deb | Day Trading Journey | Friday 28 January 2011 12:22 pm

Today I again found some time to trade in the morning, and used it well. Again it took a few tries to get a good internet connection with the Transact platform (even in my living room…), but finally got it.

The market appeared to be just about to be going up, so I entered a long position on two contracts. It took a few minutes to be caught, but when it did – up went the market and I was winning!

I put the first profit order after 3 pips and that caught very quickly. The second one, though, took some time. I moved it back to get 5 pips, and that took long I added one more contract in a higher point. That proved not to be a very good move: The market was slow. The second order finally caught and I was winning $100, and was stuck waiting for the third.

Finally I pulled that back too to have only one pips, and that caught. I got $112.5 over 3 contracts.

A few minutes later the market finally went up one more pips, but I am glad I went out when I did. I prefer not to be stuck in long positions: It takes out too much energy from me.

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Back on Track

Posted by Deb | Day Trading Journey | Thursday 27 January 2011 7:55 pm

Today was the day my subscription to the Sierra graphs was over. I debated with myself if I really want to spend more money on this. Finally, I decided I do want to give it another try.

Since I decided to be serious about it, this time when my connection was bad I didn’t give up: I moved to the living room where the connection is better, and was ready to get the cable and work with a wired internet connection but then I got a good connection and didn’t need it.

Just before I moved myself to the other room the market looked ready for a big dive. When I got my good connection the dive already started. I put a short order but the market was running away from me – going down too quickly. I put another order on one short contract a bit lower, but again didn’t catch the market which was diving down. The third order finally caught, and immediately became a winning position. A few pips down the way I added a second contract, and finally exited with a profit of $112.5 on 2 contracts. All this took less than 5 minutes.

That was encouraging!

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Trading in the Morning

Posted by Deb | Day Trading Journey | Wednesday 26 January 2011 4:46 pm

As I had told her before, it is difficult for me to trade in the “right” hours, when the market is open. The time difference makes it very busy hours for me: that’s the time when my kids are home, and I don’t have enough uninterrupted time. Yesterday was no exception: I didn’t have time to trade in the morning (when I tried the market was far too slow to do anything). In the afternoon my kids needed me, and I couldn’t trade. I actually did open the platform and placed an order in the simulater mode, but then got distracted with my kids and forgot all about it. When I came back to it it was no surprise the position had lost.

Today trading was faster in the morning, so I did try. On my first try, I put a short order in a winning place, but then the internet connection was lost. As the simulator does not save orders or positions, I had to restart. The market had gone down meantime as I had guessed it would, so I was disappointed the previous position was lost. Nontheless, it looked like the market would continue to go down so I entered again a short position.

Of course, just then the market went up again and I lost $75. I decided not to give up and put again a short order. This time the market went as predicted. Finally I was out with a net of $137.5! The second position had won $212.5 on 5 conracts! That was a good boost to me, after being far from trading for so long.

Tomorrow I have to resubscribe to the Sierra charts. Had I been losing today, I probably wouldn’t want to spend more money on this. Now I am encouraged to continue playing with this.

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Some Success Today

Posted by Deb | Day Trading Journey,single motherhood | Monday 24 January 2011 11:27 pm

Today reminded me why it is so difficult for me to trade in the afternoon. Due to the time difference between NY and Israel, the afternoon here is the time when the market is open in NY. But in the afternoon I cannot work without interruptions: My children need me.

Sometimes on Monday I have some uninterrupted time when my kids go to their D&D class, but today I had a few important things to do during that time, so I got to trading only later, while my kids had to do their homework. I got everything running and then had to leave the platform to help my kids. When I came back things were looking good – my order had caught and the position was winning, but then again my son needed me and when I came back again the position was already out with -$50.

I decided to try again, and this time I was usccessful: Over 2 more positions I now got $100, so a net profit of $50. I decided to try once more, and added another profit of $25 over 1 contract.

This was all done on the simulator, so unfortunately no real profit. Anyway, it is good to have some such encouragement.

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Back to Trading

Posted by Deb | Day Trading Journey | Friday 21 January 2011 4:00 pm

My beginning of this week’s announcement was too early: The laptop was not fixed, and I had to give it back to the technician. Now, finally it is back, and I am back to trading, or simulate-trading.

I started the new trading with a big loss, breaking as always all my rules, leaving the trading system unattended for hours. Never mind. That was for the begining. I hope to do the simulate-trading more seriously starting next week. I will probably not be trading every day now, as I have to work also on some other projects, but I hope to do it regularly enough. Please come over to visit and share my adventures!

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My laptop is Back!

Posted by Deb | Day Trading Journey | Sunday 16 January 2011 6:36 pm

Sorry for disappearing for so long. My laptop had been hospitalized for 2.5 weeks. It started to get too hot, and I had to take it back to get fixed.

Being 17 days without my laptop was so hard! I connected to the virtual world a little with my sons’ laptop, but felt crippled. Or a better description would be I had felt I am living on suitacases for 2.5 weeks. My laptop is my home.

Anyway, now it is back, and I am returning to the world. I am not sure I will have time for any trading today, but at least I can take a look at what has happened to the market.

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