Another Good (and Long) Day

Posted by Deb | Day Trading Journey | Wednesday 25 May 2011 8:04 am

I have to be out of town for most of this day, so yesterday I thought I will probably not trade today. But then I woke up early this morning, and since there was enough time till I had to take the kids to school I decided to do an early trade.

I entered a position with one contract at 6:15 AM, and added another one a few minutes later. The market didn’t move at all, but I thought: no problem, there is yet enough time.

Finally at 7:00 Am the market started to move – but in the opposite direction (down instead of up). I waited more, as the indicators still showed the market will probably go back up. Finally at 7:15 I added one more contract. I was still loosing.

Then the market went up slowly. I added one more contract to speed up the process, and the market did go up but I was in a hurry to take the kids to school.

Finally I quit the position quickly so that the kids won’t be too late. I got $125 over 4 contracts.

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