A Good Day Again

Posted by Deb | Day Trading Journey | Monday 20 September 2010 5:21 pm

Today I did something I wouldn’t usually do on live trading: I entered a position about 7 minutes before I had to leave to pick up my son from school. The market was moving very fast, and I hoped I would be out of the position quickly enough.

No luck. The market was struggling. I was quite sure it will move in the right direction, so I suppose even if I were trading live I wouldn’t have had a problem to leave it as it is. I guessed I can move my exit profits even higher, but didn’t want to do that without being on the spot.

When I came back I saw I got my profit of $100, and the market had climbed up much more. Had I been there, I could have made another $200 at least. Actually till now the market has gone up 5 points, so with 2 contracts it could have been $500. But knowing myself, I guess I would have been out of the position earlier.

Anyway, these small-to-medium profits really help me build back my confidence. I hope I can go back to live trade very soon, probably after the holiday of Sukkot which starts Wednesday night. I don’t want to have that extra stress of trading during the holiday.

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