Building Up Courage

Posted by Deb | Day Trading Journey | Tuesday 11 May 2010 10:24 am

I am slowly building up the courage to try trading again.  Last week I had a few times the urge to open the Transact and Sierra (my trading platform and the graphs software) but decided not to.

Yesterday I finally opened everything up, identified a few support and resistance lines, and sat there looking how the market is approaching a resistance line.  I thought about putting short there but then was too scared.  So I just sat and watched the market getting to the resistance line, jumping there for a few minutes up and down one pips, and then going back down.  With 2 contracts I could have made there $300.  Well, too bad.

I’ll open it up again later today.  I don’t know yet if I’ll trade or just watch again.  We’ll see.

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