Another One of these Days…

Posted by Deb | Day Trading Journey | Monday 22 April 2013 4:59 pm

Lately I write here only when I have bad days. Well, this is another such day…

In the morning I had a quick session, trading on one contract and making $25 (2 pips). I was glad and decided I will try again in the afternoon.

I started again an hour ago. It seemed the market will soon be going up, so I entered a longish position. The market was not quick to go up, and meanwhile I got a few phone conversations making me less alert to what was going on. Finally I got frustrated and quit on a small loss.

Then I entered on 2 small positions and reduced the loss to 0, although of course I still had a nominal loss of the fees.

I lost track of the time, remembered only there was a financial report due on 17:00, so I was not careful enough. The market was going up very quickly, and I was suprised what had happened and decided to join the crowd, expecting to make a small-medium profit just to erase the fees lost. But then, boom! The market turned around. It took some time to realize the markets in the US had just opened, and I was not supposed to be in a position. Till then I was just sitting here, looking at the market in amazement.

I won’t tell you how much I lost, but it hurt. I hope not to be so foolish again in the future!

Share

No Comments »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a comment

CommentLuv badge

This site uses KeywordLuv. Enter YourName@YourKeywords in the Name field to take advantage.