All These Stupid Comments

Posted by Deb | Uncategorized | Saturday 17 July 2010 9:04 pm

A while ago I got here a comment of some other blogger asking me what do I do with all the spam comments. At that point I didn’t have many of these, and that was what I answered him.

Now the situation changed. The situation is better than I had in some other blog I had a while ago, in which I got comments of “xxxyy xxaayy.com” or some other gibrish. The comments I get now are mostly from internet marketers who want to leave comments without even bothering to read what I wrote. I write about a bad day I had, and I get an enthusiastic comment: “What great information!”. I write about my trading experience, and somebody writes “It’s easier to write when you have something to say”.

These generic comments are really irritating. I write because it does me good, it is therapeutic for me. Of course I would be glad also to get money out of this site – the various ads I have around here show this. But if it was only marketing, I wouldn’t have been able to write here so often. When I write here, it helps me to pass the bad days and to share with someone, even a virtual someone, my successes. And I want my readers to relate to what I am writing.

I assume those marketers with the nonsense comments won’t read this post anyway. If you are a marketer and are reading this, please note: If you put on my blog comments that show you have not read any word of what I wrote, I will usually trash it. If you write gibrish or link to porno sites, I will spam it. It is just a waste of your time. I don’t mind if you want to do some SEO for your site, but please read my post and write something related if you want to write here.

To my other readers: Please comment. I love reading real comments. Words of encouragement or advice, other people experiences etc. Don’t be shy. Thanks.

And back to my SEO business:

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Back to Trading…

Posted by Deb | Uncategorized | Thursday 15 July 2010 9:46 pm




This morning I wasn’t at all sure if I will be trading today. Part of me felt I should have a whole week off trading. But next Tuesday is Tisha B’Av, which is highly unappropiate day to start trading again. When I came back from my current part-time work and picked up all kids from their day camps I sat near my laptop, and was still unsure if I would be trading today. But somehow I did open the Transact platfrom and Sierra charts, and took a look. Actually I first tried to start the platform in a demo mode, but it didn’t let me. I really should check this with my broker, I thought that by opening a trading account I automatically get rights to use the platfrom also in demo mode. Anyway, that forced me to open it in live mode.

I looked at the situation, identified support/resistance lines, but the time was 16:12 – not enough time to start trading and be sure to be out of it before official trade opening time which is 16:30 in Israel’s time. So I just took a look, and went on my business, reading email etc. At 16:35 I took another look, but was not sure what I should do. There was a financial report scheduled at 17:00, so I decided to trade only after that.

At 17:10 I realized I haven’t took a look again at the situation. I opened everything again and saw the market was in the middle of diving down. I didn’t have much time to trade (my son had his animation lesson at 17:30), so I quickly joined the diving. I was still very cautious, so I did 3 very quick positions, each one on one contract and exiting after only 2 ticks, meaning I got today only a small profit of $75 (or actually $54 after deducting the fees). I probably could have done much better with the strong diving, but that was enough for today. I still have to get things slowly.

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How to Use the Stop-Loss Correctly?

Posted by Deb | Uncategorized | Wednesday 14 July 2010 11:12 pm

If you think I know the answer to the question in the title of this post, you are wrong. But I have to find out. Chason’s comment to yesterday’s post really hit the nail on its head. I am not using the stop loss order correctly.

If I am getting to losses of $400, and certainly if I am losing $1000, something is wrong. The stop-loss order should have dealt with this. That is it’s purpose: to stop your loss from getting so high. Monday’s loss may be categorized differently, as it was a matter of internet connections problem. But the initial loss I had on that day, of $400, shouldn’t have been.

That is the Achilles’ heel of the method I have been using lately, of adding contracts when the market goes against me instead of using the stop-loss and getting out of the position. Usually it makes me win more, but when I lose, I LOSE.

When I started trading I used the stop-loss and went out of the position when I started losing without playing with the stop loss and moving it further away as I have been doing lately. The problem was that I kept losing; I was jumping out of positions too quickly, only to see minutes later how the market is turning around and making my previous position a winning one.

So how do I recognize when the market is really going against me, and when is it just “playing games”, making some struggling signs before it turns around in the support or resistance line on which I entered the position?

Adding a contract made me not run away too quickly, as I saw the markets’ direction as going for me, because the additional contract made the position win even more when the market turned around. Am I able to find a better method?

Yesterday and today I have been taking off trading. I don’t think I will take off a whole week, as I did on May when I had my first “grand loss”. I want to take 2-3 days off, so I will be able to start with a fresh attitude. Yesterday I really wanted to trade, and had to hold myself. Today I didn’t really want to trade. I’ll see what I will feel about it tomorrow.

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Some Thoughts and Insights

Posted by Deb | Uncategorized | Monday 12 July 2010 11:20 pm

As you can imagine, I am really quite broken now. I am thinking all the time why did I lose like this, what can I do, etc. Only a few weeks ago I was thinking my financial problems are over, I can now make $700-$1000 per week, which will give me enough money to live on (together with my more conventional part-time job). Now it seems obvious I can’t yet rely on this, at least not yet. I have to take on myself another part-time job or quit this one and find myself a full-time job which will not give me any time to breath, as I also have a full-time job parenting my kids.

Apart from these thoughts, I am trying to figure out what had happened and how I may improve. I will probably take now a few days off. I have to regain confidence, as I had did the last time: Take a few days off, than build confidence slowly. Otherwise I will again be quitting positions too early, panicking and doing stupid things. Only this time I hope I will be wiser and not get myself again into a $1000 loss. Although I have not yet figures exactly how I can not quit too early, but also not wait too much till I have such big losses.

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Abiding to My Rules

Posted by Deb | Day Trading Journey,Uncategorized | Wednesday 30 June 2010 10:03 pm

Today I was a good girl.  I didn’t break my rules.

I didn’t have time to trade today on my regular hours, around the opening of trade in NY.  It was the last day of school, and my daughter was out from school early.  I took her with me to get the dog vaccinated, then we did some groceries.  Then we had to fetch her brother.  I promised her to get today new crocs, so we all headed to the mall, got new crocs for her and her twin brother, deodorant for the 11-going-on-16 older brother, and then I drove her to her swimming lesson.  Than we went all out for dinner to celebrate the end of year…  You get it.  No time for myself.

I finally got to the computer at about 8:30 PM, but couldn’t have yet a moment to myself:  Every few minutes one of the children (or the dog) needed something from me.  It was very difficult to trade this way.  I waited almost 20 minutes for the right time to enter a short position, but when the moment finally came my daughter came in to show me some cute art thing she brought back from school, and the opportunity was lost.

Finally I was able to enter a position.  I was very cautious and didn’t let myself any risks.  I added one more contract, then got out quickly, so I made only $50 on 2 contracts.

On a nomral day I would go on waiting for another opportunity, but I decided I would today abide to my rules and be cautious.  One position was enough for today.  So I held back and closed the platform.

I hope tomorrow will be an easier (and better) day.

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Animal Life

Posted by Deb | Uncategorized | Monday 21 June 2010 11:05 pm

I want to post here a story that has no connection to emini futures trading:

I have a dog, I’ll call her T.  T. is 2 years old, and has been with us since she was 6 months old.  She is a very friendly dog.  Mainly to kids, but also to adults.  At the begining she was very friendly to dogs too, but her bad experience with some bigger female dogs made her sometimes too suspicious.  Though T. is still very energetic and very happy when she finds a similar-spirited puppy or young dog with whom she can play.

Last Saturday I was walking her, and we passed another woman with her dog – a big black female dog.  When seeing us, her dog pulled herself out of her control and jumped on my dog and bit her.  I and the other woman immdiately separated them, and I took T. in my arms and got her away.

This morning as I was walking T. we went to a particular little piece of grass she loves.  In the middle of this grass there was a cute white cat.  Often, when T. sees cats she starts running after them (to my knowledge she has never caught one, and of course never bit any cat).  So T. sees this white cat, and looks at her.  For a minute it seems she wants to chase her away, but then she stopped, remembered her bite and stopped to lick her wound.  It seemed like she was thinking something along the lines:  “I don’t like being chased away and bitten, I won’t do it to somebody else”.  So she stood there staring at the cat, pondering what to do.

When T. first looked as if she wants to chase her, the cat looked anxious.  Then she relaxed and lied there looking back at T., appearantly with no fear.  Finally, T. wanted to play with her.  She jumped around trying to intice her to play, as she does to other friendly dogs, but the cat was not interested.

I approached the cat to give it a pat, and when I bowed down I saw near her a dead lizard with a stain of blood on its neck:  The cat had just bitten it and killed it.

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Hello world!

Posted by Deb | Uncategorized | Wednesday 28 April 2010 3:29 pm

Hi there,

I am Deb.  A single mother trying to make ends meet, who decided to try her luck with futures trading.

It is already 3 months since I started trading.  I hoped to start this blog with a happy day, but yesterday I made my big loss of $1,000.  I hope this doesn’t mean I will have to end my trading (and the blog) too soon.

I opened my trading account on the last week of December, depositing $5000.  On the first 2 weeks of trading things went great.  Then I started loosing, but things still looked not bad.  At the end of the first 5 weeks I transfered back to my regular bank account $1,000.

On February things were gloomer.  I kept loosing, so that on the end of that month I lost about $1,000, which left me with only a little over $4,000 in my trading account

Till yesterday, March looked like the month of keeping things even.  I kept going 2 small steps forward, then one bigger step back:  I would be earning about $50 a day for two days, then on the third day I would loose $100.  Till yesterday.  As I said, I lost $1,000, which is my limit for one day so that my broker threw me out of my positions and locked me out for the day.

Yesterday I was in shock, but today I woke up more optimistic.  I won today $90.   What will be the results tomorrow?

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