Yes, I know. I have neglected this blog for too long. I am still on a break from trading. I am waiting till I have enough spare money to put into my trading account so I can start trading again with a significant sum. Trading with a tiny account, as I had learnt, does not leave any freedom to take risks and then you can lose very quickly.

Currently, I am busy writing my first eBook. I have promised to do so long ago, but kept procastinating the actual job. Now I am working on it, and hope to put it out real soon. I hope I can get proficient in writing eBooks so that the next one will not take me so long.

My regular readers have probably noticed I have been away from this blog for a while. I have not yet decided what to do next. I am sure I will get back to trading some time, but not yet. I have to somehow overcome my impulsivity. Maybe when my regular income will be higher I will be less desperate. Or maybe I just have to take some Ritalin (not only for trading – my ADD is getting more annoying).

Meantime I may go back to demo trading. Maybe I will find another platform for this, as the Transact will not allow me do that without investing at least another $500 in my account. Maybe I will take Forex trading for a while. After all, the principles are similar enough.

Anyway, meantime I wanted to share this site (not connected to futures trading): Watch Glenn Beck speaking about Israel and the Middel East.

Well, it happened. I wiped out my account today.

I had a bad feeling when I begun, but I decided to trade anyway. I begun a short position, but the market went against me. Instead of thinking rationaly (or carefuly) and backing out as soon as I can, I let the loss go far too much, so that my account got under the $1000 I need to have there in order to continue trading.

Then I just made more and more stupid moves, and just got things worse, till I went over my $700 loss permitted per day. So I have now about $600 in my account, which means I will not be able to trade in the near future, until I add some more to it.

I am not sure what I should be doing now.

I took a long weekend off, and I must tell you – that was so refreshing! I must do this more often.

My flight back was a night flight, so I spent this morning sleeping. When I finally decided to trade I didn’t have much time, so I decided to take the simulator.

The market looked as if it will go down, but then it went up again. Then it seemed it would soon get back down, so I entered one contract in a short position, and then another. Then it was time to get the kids.

I came back 20 minutes later to find myself out of both contracts with a profit of $75.
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As always, my impulsivity won: I decided to try again on live trade, trying to catch the last ticks of the downward movement. I switched to live mode (Transact programmers: why does this have to include exiting the program, including the charts, and re-entering again? You should have designed some switch -which should include re-entering the password but not getting out of everything!), and tried again. As often happens to me, at this point the market went up again. I managed to quit with 0 profit, losing only the fee.

Then I tried again with a long position. This time went better: the market was going up. I quickly discovered that the brackets were not switched on, so I quickly quit with a profit of $50.

After trading yesterday I set my platform back to simulator mode, so I will not trade live accidently. Today I opened the platform on the simulator, but then decided the situation was sure enough for a small live profit.

I switched to live, entered a short position with one contract, and waited. During my wait I left the laptop for a few minutes, and when I came back I found I was already out with a profit of $37.5. Had I sat down near the pc I probably would have pulled my take-profit point one point lower, but anyway this was good enough for today.

I’m taking now a short vacation for this weekend, so will be back to trade sometime next week.