I had lots of work today, and finally got to trading at 16:45, 15 minutes after the market opened.  When I opened the charts I realized I had just missed a major fall, which could have given me a good opportunity to a big profit (or a big loss, of course).

Anyway, when I came in the market was going back up, and seemed like it will continue going up for a bit more.  After watching for about 10 minutes I decided to try getting into a long position.  That was a good move.  After less than 5 minutes I was out with $87.5 on 2 contracts.

I wanted to get a bigger profit, so I tried again with one contract.  At the first 2 minutes it seemed I was wrong, the market seemed to be going down again.  Soon it changed direction, and I went out after 3 ticks, giving me a total of $125 on 3 contracts for today.

Good.  I am feeling a bit reassured.  I am not yet ready for “real” trading, but my confidence is slowly returning.  Though I cannot allow myself any more losses, so it will be yet some time before I will pass from the simulator to live trading.

I plan to write one some day. When I will finally know how to consistantly make profits from day trading, and I’ll become rich, I will write an eBook to teach others how to do it too.  Than I will sell this eBook and have even more moeny. What will I do with all this money? I am sure I will find what to do with it. Some I will give to charity, some I will keep for my kids, and with the rest I will live well.  Those are my fantasies.

If you want to make things shorter and write your eBook now, or create your profitable video series, and make money, you should be checking the Info Prodigy.  The Info Prodigy is a course created by Tim Godfrey and Steve Clayton, two internet millionaires. I have taken once another internet course they have created, about living off virtual shops, and it was great. I have not become a millionaire – maybe I am too lazy, and probably I was not born to be an eMarketing. I am a very lousy marketer. But the course was excellent, and from other videos I saw it seems these two really know what they are doing.

In this course Tim & Steve teach how to find a good niche for crfeating your digital information products (eBooks or videos), how to do your research about it, how to write, and finally how to market it in the most successful way so that you can make a good profit.

I have not yet seen the actual course, it is not out yet, but I am sure it will be good.  If this sounds interesting, check out their sales page, in which you get a free report that explains their system.  It sounds promising.

(If you were wondering – yes, the above links are affilate links.  If you will become a millionaire out of this course, I am entitled to my little share, aren’t I?)

Working on the demo hasn’t worked much for me today. I really don’t feel yet up to trading. I tried trading on the demo again, but with not much enthusiasm. I did mistakes without caring, lost some money (fortunately, not real money), and really didn’t bother to trade properly. I did cut the loss so as not to lose too much, but had I stayed in the position long enough I could have made a profit.

I know I should take it more seriously, but somehow after trading for real the demo seems not significant. I hope I will be ablt to take it more seriously in the next few days. I ordered myself a book about trading psychology, I hope it will help me to get back on track.

Meantime I am conentrating on finding myself other means of income. I hope I can find enough so that when I get back to real trading I will not be too pressed to make profit and cash money immediately. It will be better if I can give myself the time to grow my account till it is significant enough, and trade with not so much pressure.

I am still taking time off trading. I think it is best. In the last few times I said I will take a break I didn’t really do it – anyway not more than one day of break. I knew I needed to take a longer break, but couldn’t; I was too anxious to make money and cover up my losses. But from my experience, taking break after a loss is necessary. Otherwise the next day you come to trading with a losing attitude, whether it is conscious of it or not. And when you have a losing attitude, you will almost certainly lose.

After my first $1000 loss I took a whole week’s break, and I needed it. When I came back to trade I had a new attitude, and that made the difference. I was winning and winning for almost 6 weeks. Then I lost again $1000, and from that point I entered the whirlwind of losing and losing. I came with a conscious attitude of “This can’t be happening! I must win again!” and with an unconscious attitude of “Oh no! I can’t let myself lose!”. And so the periods between one loss and the next became shorter and shorter.

Now it seems I must take a longer break, which I will use for learning some more. In a few days I will start trading on the demo system. Though it is very hard for someone used to be trading “live” to go back to the demo. Maybe I will also read a book or ebook that will give me some more knowledge and confidence. Only when I feel ready I will trade again. I hope it will not take too long, and that I will really be ready.

When I tried taking off from trading in the last few weeks I couldn’t. It was as if I was addicted to it. Now I am too afraid, it seems I needed this “shock treatment”.

Anyway, I will try and share here my adventures and insights during this in-between period, whatever its lenght may be.

Chiao!

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As some of you may have noticed yesterday, somebody had attacked this site with a virus, and it was not functional for a day or two. I spent about 5 hours cleaning all the files, and still have more infected files in another site that sits on the same server. Why are people so mean? Why do they do these things?

I had a lot of thoughts I wanted to write down here yesterday, but couldn’t because of the virus. Maybe I will write them later today. I hope the virus won’t attack again.

I am just checking in to say hello to my readers. Yesterday I couldn’t resist trading again, and I lost again (my daughter was whining and intefering in the critical moments – so I was a bad mommy AND a loser). Now the risk management team at my broker’s lowered my limit to $900 – then they will lock me out. Actually, at such a loss I will be locked out for good as my account is running very low now.

I must hold myself from trading for a while. I phoned the Transact hotline and finally figured out how to use the demo mode (which is called “live simulation” – the demo is for beginners who don’t have yet an account – that’s what confused me). I will allow myself to trade live again only after I win on at least five consecutive days on the simulation mode. Otherwise I will really be out of it. I will let you know how I am doing on this next week. Today I was too tired to try the demo mode. I didn’t sleep much at night.

Meantime I have to make some money by other means. No other choice. If any one here needs a freelance C++/C# programmer, let me know. Otherwise I will have to go back to full-time job, and actually there aren’t many of these.

Cheers!

Hi There,

Just checking in to tell everyone I am still here. Holding myself not to trade. Trading got to be part of my day, I feel addicted. On one side I am happy not to have this stress these days, on the other side I want to make money again.

I know I have to hold myself and not trade for a few days, probably a week. I also have to think of other steps that will help me build back my confidence and have the right attitude again: Either a one-on-one session with a tutor, or another trading course. Maybe I should also pick some book about trading strategies and learn a little, so I will come back to trading with a better attitude. That’s a good thought. Too bad – I was in a bookstore today to pick up something for my brother’s birthday, I should have looked for something for me too. I’ll have to do it.

Well, off I go – I have to go to my brother’s birthday soon.