Nice Profit for Today

Posted by Deb | Day Trading Journey | Friday 13 May 2011 12:43 pm

As you can see from the Transact screen above, I had today a nice profit, with a figure I hadn’t seen for a long while. Of course, it was all on the demo. Still, it is encouraging.

Trading today started bad: I had no patience. The market seemed to be going up, though with no strong indicators. I entered a long position, but of course just then the market turned down. I entered another contract, but finally gave up with a loss of $250.

Then I decided to go with the market and entered a short position. Guess what? Just then the market turned up again, making my first position, had I stayed in it, profitable. I decided not to give up yet, as it did seem that in the end the market will go down. I added one contract on the other, on higher positions, till finally the market did turn down and I made the profit in the image. Note: The $425 is the net profit, taking into account the original $250 loss, so that the total profit on this second position was actually $675!

I had 8 contracts on the second position, so the actual net is $425 over 11 contracts – about $350.

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  1. Pingback by Futures Trade Blog » So, What’s the Best Strategy? — May 16, 2011 @ 3:27 pm

    [...] Nice Profit for Today [...]

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