Back To The Simulator

Posted by Deb | Day Trading Journey | Friday 4 March 2011 2:14 pm

Yesterday I wanted to have some more live trading. The problem was I couldn’t find a sure enough postion, and was too afraid too gamble. I had the charts open for a few hours, but each time I looked nothing seemed sure. It seemed the market will soon go down, but after being stuck for a long time it went up (good think I didn’t try a short position!). Finally I gave up.

Today I decided that if I won’t be sure enough to enter a position I would trade on the simulator, and that was what I did. I first entered a very short position of 2 pips, and got $25. Then I entered a second position with 2 contracts, and got $50 more.

I hope I will have more opportunities for live trade next week.

By the way, I read yesterday an article saying the most important charactersitic of successful day traders is discipline. No wonder I lost! I have be more self-disciplined.

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More on Live Trade

Posted by Deb | Day Trading Journey | Wednesday 2 March 2011 4:25 pm

I did live trade again!

I opened the Sierra charts and saw the market is about to go done, so I opened the Transact straight on live trade. I had no internet connection problems (thank G-d!), and put one short order, than another.

Of course, things didn’t get exactly as I wanted. My order didn’t get caught, the market went up a bit, but finally both my orders caught. But then the market didn’t go down as anticipated. I got nervous, and quit the first contract with no profit. With the second contract I waited some more, and then the market begun to jump down and I got $37.5.

The market dived down and I decided not to be so afraid. I entered with one more contract and waited 2 pips for that – another $25.

Just then the market dived down much more, but I decided that’s enough for me for today. When I saw how much the market went down I of course had an urge to enter again, but I stopped myself. I should be able to stop.

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Simulator and Live Trade

Posted by Deb | Day Trading Journey | Tuesday 1 March 2011 2:45 pm

Yes! As today’s title shows, I did today some live trade.

I opened the platform in the simulator mode a short time before I had to go out and fetch my daughter. The market seemed to be going down, so I put a short order for 2 contracts. The market went up a bit, so I added another short order on the next 2 contracts. As the market moved very slowly and no order was caught, I decided to leave the orders open and go out to fetch my kid.

When I came back, the first order had caught, and the market was far from the second (higher) order. I waited a short while, and was out of this order with $112.5.

It seemed the market had a few more pips to go down. I was a bit scared, but decided to try for some live trade. I put 2 orders, each one for 1 contract, in short position. I had one order get caught, then the second, and the market continued up. I of course got nervous and started to regret my decision, but still believed the market will go down.

After about 5 long minutes the market went down, but not as much as I hoped. I finally quit with a small profit of $37.5.

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