Came Out OK

Posted by Deb | Day Trading Journey | Thursday 20 May 2010 6:24 pm

After an uneventful week, today was again a bit stressful.  In the morning things were going slow so I decided to leave it for the afternoon, when the NYC market is open.  Than my kids wanted to go out and have some fun, as today was their last day off from school for the Shavuot holiday.  We went out to the old city: we had a walk on the walls promenade around the old city – we went up on Jaffa gate and down on the Damascus gate, and then went to Zedekiah’s cave – recommended if you are in the area!.  Anyway, I had only a short time to trade, but just enough to not be breaking my rules.  (I did decide to be disciplined!)

The market was moving fast.  Although the market is directing today down very strongly, the graphs were showing that currently it was going up.  I tried my first contract in a “long”, but the market was going down.  When it finally got up I run away at one pips, only to see it going much highter 3 minutes later.

I tried again another contract, and this was better, so together with the first position I had already $87.5.  Last week I would have stopped at this point, but I did decide to try again, as all measures were showing the market will still go up.

I tried another long position, and the market dived down.  I didn’t lose hope as the graphs were showing an “up” direction, so I added another long contract in a lower point.  Again the market was going down, and I wasn’t sure of myself anymore.  But then it went up again.  As I was already stressed out I got out of the position quickly, so I made from both contracts $50 (making a total of $137.5 for today).  Not bad, but if I had been holding my breath for a few more minutes I could have made another $50.

So now I can breath again.  Another day of profits.  Not bad!

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