Little By Little

Posted by Deb | Day Trading Journey | Monday 14 February 2011 6:32 pm

Today I made another $100 on the demo, with 3 contracts.

At first I was not sure at all where the market was heading. I had to go out shortly, so I left orders on the nearest resistance and support lines. When I came back, nothing had caught yet, but the market was approaching my resistance line. I wasn’t sure it will actually make it, so I put another order of 1 contract one pips lower (the original order was for 2 contracts). The 1 contract caught immediately, than the market played up and down near the line. The demos orders are pushed to the end of the queue, so it took a rather long time to catch the other 2 contracts. Finally it caught, and soon after the market went down. My first take-profit point caught very quickly, giving me $62.5. The market went down more, but as the demo is slow to get the orders nothing caught. Then the market turned up again. I decided to quit, and collecting $37.5 on the last contract.

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