Loss on Simulator, Profit on Live

Posted by Deb | Day Trading Journey | Tuesday 15 March 2011 12:18 pm

Yesterday I had no time to trade. Sadly, it seems my Mondays are too busy now for the next few months.

Today I opened the charts and saw how much the market has gone down, due to the tragedies in Japan. I wasn’t sure if the diving down was over or not, so decided to try the simulator. It seemed first the market was now “fixing” some of the diving down and going up a bit. I entered a long position – first with 2 contracts, than added two more, but very quickly lost $325.

I waited a bit more, till finally the market showed a definite direction of going down. At this point I passed to live trading, and entered a short position. I first put an order for 2 contracts, but then freaked out and took off one contract. The order caught, but the market was still undefinite. I pushed my limit order up to 2 pips, and finally quit on a profit of $25.

Just then, the market continued going down. I decided to enter another position, again with one contract, and this time waited a bit more. I quit on $37.5. Bottom line: $62.5 on 2 contracts.

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The Massacre of the Fogel Family

Posted by Deb | Day Trading Journey | Sunday 13 March 2011 1:11 pm

On Friday night Palestinians entered the house of the Fogel family, and stabbed to deathe the 2 parents, and 3 of their young children.

Watch this film:

The Fogel Family

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Busy Week

Posted by Deb | Day Trading Journey | Thursday 10 March 2011 8:44 pm

This week is a very busy week for me, and I didn’t have enough time to trade. Yesterday we had a birthday party for my twins, with 20 kids in our home. Tomorrow my daughter is having a party in school. Trading has to wait.

I did though do some trading today. Again, internet connection was awful. I didn’t have time in the morning, but luckily my kids went out to friends in the afternoon so I had some quiet time and the room with wired internet was quiet, so I was able to do to get a good connection for some time.

On my way home from work I had a fantasy: What if I entered a short position, and just then the internet would dive down pass my limit and I will get a hugh profit?

I opened the Transact platform at home and found out that that was what had happened, only I was out of the market: The market had jumped down, so anyone who was in a short position in that time would have made a big profit. But I didn’t.

When I finally set up my platform with a wired connection I didn’t have much time. I tought of entering with live trade, but as the time was so short I decided to the simulator. I entered one position, and exited a few minutes later with a profit of $37.5.

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Today’s Report

Posted by Deb | Day Trading Journey | Tuesday 8 March 2011 11:27 pm

Yesterday I didn’t find time to trade. Mondays have become lately very busy days for me.

Today I tried to trade in the morning, but got very frustraded from the bad connection I had. I tried again and again, and just couldn’t get a good internet connection. I even tried to uninstall the Transact and install a newer version of Transact, but that seemed to just make things worse. Finally I re-installed my old version, and gave up.

I tried now again (it is evening here now), and on my second try got a good connection. What I didn’t realize that after uninstalling and re-installing, my Transact platform was missing my regular parameters. I entered a short position, but the system didn’t generate for me the bracket orders. It took me some time to realize what has happened, and by the time I got things fixed I was already in a loss of $62.5.

I was deteremined to win, so I entered another short position on 2 contracts, and later added 2 more. Finally the market went down as I had anticipated, and I was in a total profit of $125 over 5 contracts – including the original loss. So actually my profit on the second position was $187.5.

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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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More on Live Trade

Posted by Deb | Day Trading Journey | Wednesday 2 March 2011 4:25 pm

I did live trade again!

I opened the Sierra charts and saw the market is about to go done, so I opened the Transact straight on live trade. I had no internet connection problems (thank G-d!), and put one short order, than another.

Of course, things didn’t get exactly as I wanted. My order didn’t get caught, the market went up a bit, but finally both my orders caught. But then the market didn’t go down as anticipated. I got nervous, and quit the first contract with no profit. With the second contract I waited some more, and then the market begun to jump down and I got $37.5.

The market dived down and I decided not to be so afraid. I entered with one more contract and waited 2 pips for that – another $25.

Just then the market dived down much more, but I decided that’s enough for me for today. When I saw how much the market went down I of course had an urge to enter again, but I stopped myself. I should be able to stop.

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Simulator and Live Trade

Posted by Deb | Day Trading Journey | Tuesday 1 March 2011 2:45 pm

Yes! As today’s title shows, I did today some live trade.

I opened the platform in the simulator mode a short time before I had to go out and fetch my daughter. The market seemed to be going down, so I put a short order for 2 contracts. The market went up a bit, so I added another short order on the next 2 contracts. As the market moved very slowly and no order was caught, I decided to leave the orders open and go out to fetch my kid.

When I came back, the first order had caught, and the market was far from the second (higher) order. I waited a short while, and was out of this order with $112.5.

It seemed the market had a few more pips to go down. I was a bit scared, but decided to try for some live trade. I put 2 orders, each one for 1 contract, in short position. I had one order get caught, then the second, and the market continued up. I of course got nervous and started to regret my decision, but still believed the market will go down.

After about 5 long minutes the market went down, but not as much as I hoped. I finally quit with a small profit of $37.5.

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