A New Week Started

Posted by Deb | Day Trading Journey | Tuesday 8 June 2010 12:24 am

I was a bit nervous before trading today.  I think every Monday it is difficult for me to start trading.  It is still too new for me, and at the begining of each week I am afraid that this week I won’t be able to make money again.

I had also 2 additional reasons to be worried this week:  One rational and one not.  The rational one was the problems I was experiencing in communication with the trading platform’s server on Friday.  The irrational one was more superstitious:  I am usually not a superstitious person, but sometimes I do get worried and superstitious.  When I had just started trading, after a few days in which things went well I told people about my success, and then the day after I started to lose.  I felt I have invited the “evil eye” to my life.   Now, in the last month in which I was finally making some money, I kept quiet about it and didn’t tell anyone.  Then over this weekend I was asked about my financial situation by 3 different people, and too all I admitted things were goind well.  In Hebrew we have the proverb: “Blessing stays only in hidden things” ( אין הברכה שרויה אלא בדבר הסמוי מן העניין).  So I was worried about losing again.

I guess it was a matter of feeling too confident and neglecting to weigh the situation seriously enough before entering a position.   Trading  demands you to be humble, and disciplined.  Otherwise you loose.  Simlple as that.

Anyway, although I did experience some network communications difficulties, things went well.  The Transact trading platform worked as it should, but now my tools software, the Sierra Charts, was having mishaps.  It was not synchronized with the Transact platform, and was lagging behind in showing the market value, so I did not have at each point of time the exact analysis of the market situation which the graphs usually give me.  I could see the support and resistance lines of the market from analyzing the history, but the current situation at any point was missing.  I may try to re-install the Sierra Charts tomorrow.

Due to these mishaps I was more cautious then usual, and exited early from my positions.  Hence I needed 3 positions to be satisfied, instead of the usual 1 or 2.  But things still went well, and at the end of marketing, which lasted today for about half an hour, I had made $250 over 6 contracts.   A good start for this week!  In another day or two I hope I will be able to transfer to my regular account the first lump of profits.

And now to our newly added political corner:  Though the first wave of pro-and-con articles have passed, there is still a lot going on, and I am sure that the approaching Mondial games will bring some new propoganda attack against Israel.  So here are my new propoganda pieces for today:

The first piece is a great talk given in the U.N. by the head of U.N. Watch organization, Hillel Noyer:

The 2 other pieces are newspaper articles.  One from the Washington Post, and one from the Jerusalem Post.  Please read them.

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