Friday was a Weak Day

Posted by Deb | Day Trading Journey | Sunday 13 June 2010 4:34 pm

Friday was not an easy day. When I opened my platform and graphs, I saw there had been a jump the day before. It took me some time to figure out that it was at the time of a financial report. Anyway I was very cautious and worried there will be another jump, and indeed there was one again after another financial report on Friday. Before that jump I managed to have two very small positions which gave me only $75.

After the financial report jump I tried again. I first entered with a long, but the market didn’t immediately go up I got scared and quit at the same price I entered, which was misfortunate since a minute later the market went up quite a bit.

Then I entered again with a long, and the market went the other way. I added another position, and another… the market went against me, and I again saw big negative numbers on read: -675, -$750… Only after almost 40 minutes the market went back again, and I was able to exit with a profit of $150, making a total of $225 for that day, on 10 contracts, which would be around $155 net profit.

$155 is less that I had been making on the days before, but not out of my expectations. Yet this day left be a bit disappointed, and also worried again. Is my luck turning back? Why did I enter such a difficult position, which made me wait and sweat so much?

Part of the problem was the Sierra Charts, which again was not synchronized. Had I seen on the indicators that the market had just started a deep dive, I wouldn’t have entered with a long. Though I believe part of the problem is psychological: After having such a good week before, I got scared and entered a kind of self-defeating mood. The pace in which my profits were growing was a bit too quick for me.

Anyway, I am now anxious to see what will be tomorrow.

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4 Comments »

  1. Comment by Lupe Gero — June 14, 2010 @ 7:07 am

    you are very talented.

  2. Comment by Deb — June 14, 2010 @ 7:34 am

    Thank you!

    I certainly don’t feel so.

  3. Comment by Kirby Penkalski — June 20, 2010 @ 5:15 am

    As a Newbie, I am always searching online for articles that can help me. Thank you

  4. Comment by Deb — June 20, 2010 @ 7:11 am

    Thanks

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