4th of July

Posted by Deb | Day Trading Journey | Monday 5 July 2010 10:32 pm

When I opened my trading platform today I found out there is no trading.  For some reason I didn’t realize that before – I though the 4th of July parties were finished yesterday.  Anyway, there was some slow trading, although the stock exchange wasn’t open.  I did 2 “mini” positions, giving me $12.5 each.

Than I decided to enter one more position.  BIG mistake.  The trading was going very slow, and then all trading had stopped.  It will open only at 1:00 AM my time.  Now I will have to stay awake till than, since I think when the trading re-opens my stop loss and profit exit points will be cancelled.  From the way orders are gathering now I think I will be losing (I will not stay awake to play more with this position!).

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I finally did not lose on it.  I took a nap between 22:30 to  midnight, then got up to do some work around the house:  made and packed some spaghetti for my son’s day camp, laundary, etc.  Finally at 1:00 AM I sat down, and was pleased the market was going slowly back up.  I even thought about adding one more contract, but decided this may make the trading longer and I really wanted to sleep.  Finally I closd the position at 1:30.  It wasn’t a big profit – only a total of $112.5 on 4 contracts, but that’s also something.

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