Another Small Step

Posted by Deb | Day Trading Journey | Thursday 25 November 2010 12:58 pm

Today I again decided to trade live, and in the morning.

Trading was even slower than usual, probably because of Thanksgiving. Anyway things looked less sure today. I guessed the market was about to go down, but didn’t want to bet on that so I just closed back my Transact platform and left only the charts open.

Some time later I took another look and saw the market had indeed gone down. I decided to join the party and opened my platform, and quickly entered a short position. Of course, nothing went smoothly. The market went a little bit up, and I entered a second short contract. I waited for quite a long time, during which the market at some time went up, and at the highest point I was at a potential loss of $87.5, which is more than I could allow myself now. But soon the direction turned down again, and I waited and waited. Finally, I quit the first contract with a small loss of $12.5 and waited for the other contract to grow more profitable. Indeed it did. Finally I quit on the second contract with a profit of $75, so the total was $62.5.


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