Didn’t Trade this Week

Posted by Deb | Day Trading Journey | Sunday 24 March 2013 2:50 am

This past week I took off trading. After losing again last week, I decided to take some time off. This week has been very busy for me anyway, with Pesach coming around the corner, and some other investment I am getting into. I will probably go back to trading on the demo this week.

I don’t want to give up trading, but it has been difficult. I was so sure that this time around I will have it easier and will be making money easily, but this hasn’t been so. I should probably go back a bit more to the demo, and possibly also take a one-on-one class to learn what I am doing wrong.

I know it is a question of finding the right method for me, and than discipline. Last time around I found a method that worked most time, but it didn’t – I lost a lot which made me get out of focus and lose more. Now I have to find a better method in which I can lose less when I lose, but continue to make profit in most times.

Meantime, I am also investing in eToro – the social investment network. In some ways it is therapeutic for me, as I see how other people are doing – making money for a few days, losing on others. I found there one investor (rohaann42) who is really great. Even he lost one day the profit of about 5 days, but usually he is gaining quite a lot. I am copying him and make nice profits from his trade.


What Did I Do Wrong Today?

Posted by Deb | Day Trading Journey | Monday 11 March 2013 8:25 pm

I played by the rules, it was the market who ignored the rules 🙁

Actually, there was one rule I had decided about lately and I didn’t obey today:  The position stretched too long, over 3 hours. I should have stopped it.  When a position doesn’t end after 30 minutes, it is probably a sign the market isn’t with me. Staying in the position made me have a substantial loss and waste my day.