A Long Position

Posted by Deb | Day Trading Journey | Wednesday 6 July 2011 3:47 pm

I traded today again on the simulator. I had a long position – adding and subtracting contracts (I had more contracts than I could have had on the live platform), and the total was a profit of $175 over 8 contracts.

When I entered the market was close to S1 (bottom support line), but it seemed to be going up soon. I entered in a long position, and then added more contracts in lower points, guessing it won’t go much under S1. The market went up and down, so I continued to quit on some contracts and add more, until I finally quit on all.

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