Working on Demo

Posted by Deb | Uncategorized | Tuesday 3 August 2010 12:02 am

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.


Extended Break

Posted by Deb | Uncategorized | Tuesday 27 July 2010 6:04 pm

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.


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Malicious Virus

Posted by Deb | Uncategorized | Monday 26 July 2010 8:23 am

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.


Checking In

Posted by Deb | Uncategorized | Friday 23 July 2010 5:41 pm

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.




Posted by Deb | Uncategorized | Wednesday 21 July 2010 7:27 pm

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.


another big loss

Posted by Deb | Uncategorized | Monday 19 July 2010 6:29 pm

The title says all. I am devastated. I don’t know what to do. In any case I will take now a few days off trading. I really don’t know if I can trade any more. Maybe I should take a one-of-one time with my teacher, but first I have to take some time off.


Michael Jackson

Posted by Deb | Uncategorized | Sunday 18 July 2010 7:28 pm

No trading today!

In times of stress, it is good to have these forced breaks from any trading. And to those of you who decided to visit this page today, if you like Michael Jackson you will love this:

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