Braver Today

Posted by Deb | Day Trading Journey | Monday 23 May 2011 2:04 pm

I opened the trading platform today and found the market was diving down. I had no idea of the reason to that, and was not able to guess by the previous days a limit to this diving. I decided to “jump on the wagon”. I put an order for 2 contracts, then reduced to one, and very quickly it caught, but didn’t go down much. I quit after 3 pips.

The market was going up and down a few pips, and I decided to try again. No luck, my profit order did not catch and I finally quit with no profit or less (except of course the loss of the broker’s fees).

I didn’t want to quit at this point with such a small profit, and wait for another opportunity. I had to wait quite a while until I could make some educated guess. Finally, when the market seemed to be going up a bit, I decided to go by my resolusion of last week and entered with 2 contracts. This indeed gave me more courage to wait a bit more before quitting the position, so I was able to make this time $67.5. Together with the first position of today, I got $100 over 4 contracts.

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