Blind Trading

Posted by Deb | Day Trading Journey | Thursday 31 March 2011 6:28 pm

Today I had to trade “on blind”. I didn’t have time to trade in the morning. In the afternoon, which is NY’s morning, the market is busy with a lot of volume and my connection was very bad. The Sierra charts and the Transact platform were moving each in its on speed, and with no coordination.

I saw the market was going down slowly. I entered a limit order in one point, where the market was supposed to be according to the Sierra charts, though the Transact showed the market in a different place. When the order caught the market went up a bit, so I entered a second contract in a higher point. Then I had to wait for the market to go down enough to get some profit. I had no way to know where exactly the market was, but I just waited, and a few minutes later I was out of the position with a profit of $50.

It was funny to see orders being caught by the trading platform although the platform was showing the trade in a different place. I am probably insane to try and trade in such conditions.

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