A Good Trade, But Too Long

Posted by Deb | Day Trading Journey | Tuesday 7 June 2011 11:23 am

I started trading today with higher expectations after yesterday’s trading. I opened the TransAct platform, and things seemed good. It market had gone up a bit after yesterday’s fall, and was getting ready to back down.

I entered a short position with 2 contracts. Things were going slow, so I added one more contract, and than another. After about 15 minutes I quit on 2 of them with a profit of $100. The market went done making me almost another $75, but my orders weren’t caught, and the market went up again. I added one more contract, quit on another, than added one more.

Things were dragging very slow. I have too many other chores for today. Finally I quit, with a profit of $200 on 6 contracts.

I could have surely waited more, or added more contracts to get a bigger profit, but I had enough for today.

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2 Comments »

  1. Comment by Dana from Buy Right Stocks — June 8, 2011 @ 6:32 am

    That’s why we should have a trading plan and stick to it until the end. So, as long as our trading plan is fulfilled, there is no regret.
    Dana @ Buy Right Stocks recently posted..Candlestick Patterns- 7 Strong Bullish Reversal Signal Part II

  2. Comment by Deb — June 8, 2011 @ 11:06 pm

    Yes, you are totally right!

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