Another Lucky Day

Posted by Deb | Day Trading Journey | Friday 27 May 2011 12:28 pm

I got home today from my various Friday errands at 11:15. I knew it wasn’t a good time to start trading, as I had to leave at 11:45 to fetch my kids from school. I told myself: “I will just see how the market is”. I opened the platform, guessed the market will soon be going down – and somehow found my self in a short position. First with one contract, than another. The market was going up a bit, though I was still quite certain it will be going down soon. I added one more contract, and than had to go out.

I felt quite certain I will be out of the position with a profit in the next few minutes, but of course could not be sure. I felt stupid leaving everything like this, but had no other option. I fetched my son at one school, than my daughter at the second school, then back home. I was glad to see I didn’t get too nervous, and did not pass any anxiety to the children: my son was in a good mood, and we all joked.

On the way back home I got already nervous at the cars blocking my way. When we got home I rushed to my laptop, and was glad to see I was out of the position with a profit of $137.5. Thank God!

Had I been here, I possibly could have made my profit even bigger, as the market dived down even more. Never mind. I am happy with what I got. I will not try my luck any more today.


Lucky Day

Posted by Deb | Day Trading Journey | Thursday 26 May 2011 3:45 pm

I did a few stupid things today, but I had luck and came out with profit.

I opened the platfrom at 3:10 PM. The Sierra charts (which are now called the TransAct charts) took a while to load, and only after 3:20 PM I had a full picture. As there were a few financial reports scheduled at 15:30 I decided not to go in the market – and that was a lucky decision. Prior to the reports the market seemed to be going up, but right after them there was a quick dive down.

I decided to try and get some profit of this dive. First I entered with one contract, and quit very soon with a profit of $37.5.

The market continued to dive down, so I decided to try my luck once again, although I had no good guess at what point the dive would end. I entered with 2 contracts. The market went up, so I added one more contract to even out. After a few minutes the market went down again, and I quit with a total of $125 (including the first $37.5).


Another Good (and Long) Day

Posted by Deb | Day Trading Journey | Wednesday 25 May 2011 8:04 am

I have to be out of town for most of this day, so yesterday I thought I will probably not trade today. But then I woke up early this morning, and since there was enough time till I had to take the kids to school I decided to do an early trade.

I entered a position with one contract at 6:15 AM, and added another one a few minutes later. The market didn’t move at all, but I thought: no problem, there is yet enough time.

Finally at 7:00 Am the market started to move – but in the opposite direction (down instead of up). I waited more, as the indicators still showed the market will probably go back up. Finally at 7:15 I added one more contract. I was still loosing.

Then the market went up slowly. I added one more contract to speed up the process, and the market did go up but I was in a hurry to take the kids to school.

Finally I quit the position quickly so that the kids won’t be too late. I got $125 over 4 contracts.


A Good Day

Posted by Deb | Day Trading Journey | Tuesday 24 May 2011 5:03 pm

Today was a good trading day. I got to trade only in the afternoon, right when the market had opened. The indicators showed a soon diving, so I entered with 2 contracts on a short position. The first few minutes I regretted having started so quickly, as it was really the first few minutes of the market. The market went up a bit, but finally went back down. I entered one more contract to “even out”, and finally was able to quit with a profit of $125 over the 3 contracts.

I am getting more confident in the validity of my decision to “be brave” and trade with more than one contract even though my account is yet so small. I just hope and pray to have many more days of straight winning with no loss, so that I will not get discouraged.


Braver Today

Posted by Deb | Day Trading Journey | Monday 23 May 2011 2:04 pm

I opened the trading platform today and found the market was diving down. I had no idea of the reason to that, and was not able to guess by the previous days a limit to this diving. I decided to “jump on the wagon”. I put an order for 2 contracts, then reduced to one, and very quickly it caught, but didn’t go down much. I quit after 3 pips.

The market was going up and down a few pips, and I decided to try again. No luck, my profit order did not catch and I finally quit with no profit or less (except of course the loss of the broker’s fees).

I didn’t want to quit at this point with such a small profit, and wait for another opportunity. I had to wait quite a while until I could make some educated guess. Finally, when the market seemed to be going up a bit, I decided to go by my resolusion of last week and entered with 2 contracts. This indeed gave me more courage to wait a bit more before quitting the position, so I was able to make this time $67.5. Together with the first position of today, I got $100 over 4 contracts.


I Should be More Brave

Posted by Deb | Day Trading Journey | Friday 20 May 2011 4:58 pm

Today’s profit was $62.5 over one contract. Not bad, but could have been more. I entered the market in a long position, as the indicators indicated the market was going up. As it was not yet official trading time, the market was very slow, and I waited a very long time (probably over 20 minutes) till I quit the position. I decided to hold out and quit too quickly, and set my limit on 5 pips which means $62.5.

A few times during this position I considered entering with one more contract to make more profit in a shorter time, but didn’t find the right spot, or was afraid, or sometimes my order just didn’t catch. Finally I quit on my limit, but the market continued to go up. Had I entered with more than one contract, I would have had more courage and patience to wait more, as I could have collected partial profit from one of the contracts.

My conclusion is that I should go back to entering on 2 contracts from the start of the position. That will give me more options.


Getting Even Slower

Posted by Deb | Day Trading Journey | Thursday 19 May 2011 4:50 pm

I managed to start trading today only when it was already about 16:00 here, meaning 9:00 NY time – almost opening time. The market seemed to be going down, so I entered a contract in a short position, and soon later, when the market wasn’t moving much, added one more contract. But the market was getting slow, down and up again, and the opening time of official trade was getting clost. Finally I quit with a small profit of $37.5 over 2 contracts.

Than I waited a while, as the market was just opening. Finally I decided to enter again, as I had a small time slot between till the next financial report scheduled at 10:00 NY time. Again the market was hesitant, going up an down, and I quit with another small profit of $25. Of course, as usual, just then the market went down more. Never mind – I have now to help my kids in preparations for their Lag BaOmer bonfilres.

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