Back To The Simulator

Posted by Deb | Day Trading Journey | Friday 4 March 2011 2:14 pm

Yesterday I wanted to have some more live trading. The problem was I couldn’t find a sure enough postion, and was too afraid too gamble. I had the charts open for a few hours, but each time I looked nothing seemed sure. It seemed the market will soon go down, but after being stuck for a long time it went up (good think I didn’t try a short position!). Finally I gave up.

Today I decided that if I won’t be sure enough to enter a position I would trade on the simulator, and that was what I did. I first entered a very short position of 2 pips, and got $25. Then I entered a second position with 2 contracts, and got $50 more.

I hope I will have more opportunities for live trade next week.

By the way, I read yesterday an article saying the most important charactersitic of successful day traders is discipline. No wonder I lost! I have be more self-disciplined.

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