A Good Start

Posted by Deb | Day Trading Journey | Monday 24 May 2010 5:35 pm

Today I made $225 with 4 contracts.  Maybe I am really getting the hand of it?  Maybe, just maybe I will really be able to make a good living from this futures trading thing?

I am afraid to be too sure of myself.  I am afraid I will do one day a big mistake and loose everything again.  I am afraid the market will start diving down more and will have too big fluctuations for an amateur like me to play with it.

I started the weekend feeling sure of myself.  Than I again become scared:  I was afraid I will start the week with loosing.  Than I calmed myself that if I just make small profits, everything will be ok.

When I started trading today I was very cautious.  With the first contract I made only $37.5.  With the second I made $50.  Than I saw an opportunity but was too cautious to enter, and watched the market go in the direction I guessed, where I could have made about $200.  Than I got my courage, entered a short with one contract, and then with the second in a higher point, and was sure of myself.  I knew what the market was doing, and indeed I was able to pull out with a good profit.

God, please make this go on!!!

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2 Comments »

  1. Comment by online forex — June 22, 2010 @ 1:20 pm

    Moving averages or other technical indicators will help determine if the market is trending or consolidating. The moving average line will almost be horizontal in a consolidating market.

  2. Comment by Deb — June 22, 2010 @ 5:03 pm

    Thank you. I am not familiar with the moving average line indicator. I will look into it.

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