Going Slow

Posted by Deb | Day Trading Journey | Thursday 1 July 2010 8:59 pm

When I started trading today, I did it very carefully.  The market had gone down enourmously, and I had no idea if it will continue diving down, or go up, or stay around the point it got too.  I opened my platform at 16:00, and wanted to get some profit before the market opened at 16:30.  Also, there were a few financial reports scheduled at 17:00, so I really didn’t have much time.  By my rules I was allowed to enter a position only till 16:15, or in the small time slot after the possible big waves of official trade start at 16:30 will calm down and before 16:45, so that I will not be in a position at 17:00.

I entered on one contract at about 16:10, and exited after 6-7 minutes with a small profit of $37.5.  Now it was already too late to enter another position before the market opened.  I went on doing other things, and when the market officially opned it dived down very quickly.  Then my Transact platform started to freeze for minutes on time.  I moved my laptop to the other room, so that I can use it with a wired connection, as I know already my wireless connection is sometimes not strong enough for the Transact platform.  But this behaviour continued even with a wired connection.  Appearantly there was a big rush in the market, with lots of traffic, and the volume was too high for my internet connection.  Maybe I will have to get a stronger connection soon.

Anyway, it was time already to take my son out to his animation class, so I closed my computer and went out with him.  When I came back home more than an hour later, the trading traffic was better and my connection was good.  I was still too scared to go in with more than one contract.  I entered a position on one contract, and exited not too long later with another $37.5 profit.

As it is only 3 days after my “grand loss” of Monday, I decided that would be enough for today.

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  2. Comment by Deb — July 20, 2010 @ 10:32 pm

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  3. Comment by Deb — July 21, 2010 @ 4:09 pm

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