No Luck Today

Posted by Deb | Day Trading Journey | Friday 18 February 2011 3:50 pm

I had to know things won’t continue to go well.

I started with one contract in a short position, and after a few minutes was out with $37.5. I thought of quitting at that stage, and said to myself that if this was live trade I would have stopped then (I would like to think that is true). But after a while, since the market kept going down and after all it was the simulator, I decided to try again. I put a long order at the first support line, another contract on the next, and an order for 2 more contracts on the lowest support line.

The market was slow for a long time, and I had to leave. I left the trader to go fetch my kids, thinking that probably by the time I come back the position will be through with a good profit.

Alas, when I came back the position was over with a total loss of $287.5. Hahh!

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