Some Success Today

Posted by Deb | Day Trading Journey,single motherhood | Monday 24 January 2011 11:27 pm

Today reminded me why it is so difficult for me to trade in the afternoon. Due to the time difference between NY and Israel, the afternoon here is the time when the market is open in NY. But in the afternoon I cannot work without interruptions: My children need me.

Sometimes on Monday I have some uninterrupted time when my kids go to their D&D class, but today I had a few important things to do during that time, so I got to trading only later, while my kids had to do their homework. I got everything running and then had to leave the platform to help my kids. When I came back things were looking good – my order had caught and the position was winning, but then again my son needed me and when I came back again the position was already out with -$50.

I decided to try again, and this time I was usccessful: Over 2 more positions I now got $100, so a net profit of $50. I decided to try once more, and added another profit of $25 over 1 contract.

This was all done on the simulator, so unfortunately no real profit. Anyway, it is good to have some such encouragement.



Posted by Deb | Day Trading Journey,single motherhood | Tuesday 14 September 2010 8:36 pm

Today started well: I opened my platform, took me about 6 tries till I got a good connection. I wanted to do my trading fast. I got into a short position with 2 contracts, but since the general direction was up I got out of it fast with a profit of $50. Then I waited for a good opportunity to go in again in the right direction, and very soon had the opportunity. I entered with one contract, thinking of adding another one shortly if everything went well.

The market was having a struggle on the point I entered. I waited patiently, but then my daughter, who wanted me to take her out, came in. She is an ADHD child, and didn’t have today her after-school program so was getting bored and nervous. She threw a full-blown tantrum, shouting, crying and not letting me think clearly. I saw I had no way to trade this way, so I quit the position quickly with only $12.5. Minutes later the market’s struggle ended, and the market was flying up, I could have made another $100 very easily. At least it was only the demo, otherwise I would have so angry at my daughter!

I still was very angry at her, and frustrated. I am finally feeling my courage is getting back, and a good profit today would have given me a good boost. Now my going back to live trade will be delayed some more.

The time difference between NY and Israel, which makes the trading here better only on afternoon hours, is really annoying. It could have been so much easier to trade in the morning, when the kids are at school!


Single Moms Trading Problems

Posted by Deb | Day Trading Journey,single motherhood | Sunday 11 July 2010 6:05 pm

Those who read here regularly have probably already realized it is often difficult for me to find a quiet time to trade. The time difference between NY and Israel makes things difficult: When I just started trading I would trade in the mornings, when the kids were in school, or late at night. I stopped trading late after a few times in which I forgot to get out of the position in time and had to wait till 1:00 AM till trading resumed to close the open position. Later I stopped also trading in the morning; the trading is so slow in these hours. It takes too long till things happen.

This brings me back to trading when the NY stock exchange is open, which is the late afternoon and evening here. A very difficult time to get a quiet hour with no interference. In the more difficult days I have to take the kids back and forth from lessons, friends, parties etc. In easier days I can stay home, but the kids will always knock on my door for something just when there’s a good opportunity to go into a position, or worse when I am in the position and things are moving fast and I don’t want to loose.

Friday was one of the more difficult days. On Fridays I always have a shorter time slot for trading: The kids have no afternoon lessons, but the Jewish Shabbat starts on the evening. During the summer at least I can trade on the later afternoon. When we move back to winter time I will probablly have to go back to trading in the morning.

Anyway, this Sunday there was a swimming contest which my kids wanted to join. I drove the 2 younger ones there, while my oldest who was biding with friends planned to get there later. Once I got there I found out I forgot my older boy’s swimming suit which he wanted me to bring for him. I had to see my 2 younger kids swim, then run back home to bring the swimming suit, than wait for the older boy’s time. When we finally got home it was very late, and I was tired, the kids were hungry, and there wasn’t much time left.

Finally I managed to get to my laptop and opened my Transact platform to trade, and when I was almost ready to start I hit the mouse button by mistake and got into a position without meaning it. That’s the first time this happened to me (actually with the windows 7 interface it is not such a surprise!).

Luckily I pressed at least in the right direction, and not in a bad place. I managed to get out of that position rather quickly with a small profit. Than the kids called that they were still hungry. I told them to wait a little more, and entered one more position. The market took some time to go down enough for me to profit, so I got out in a smaller profit than I could have done. The bottom line was $150 on 4 contracts.

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