A Busy Week

Posted by Deb | Day Trading Journey | Friday 8 April 2011 11:40 am

This week has been a very busy one, and I did not have enough time to write here. I was going to write also a short history of my trading experience for the newcomers, but that will have to wait for next week, hopefully, or the week after.

Anyway, I have been trading yesterday and today, meeting my goals: Yesterday I got $37.5 on one contract, and today $62.5 on 3 contracts.

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This Week’s Trading

Posted by Deb | Day Trading Journey | Wednesday 6 April 2011 9:03 pm

I am having a very busy week now (and probably the next two weeks will not be easier). On Monday I had no time to trade. Yesterday, on Tuesday, I managed to find some time to trade and got $62.5 over 2 contracts.

Today again I had almost no time. I tried now to trade and had a lot of internet connection problems, but finally got $37.5 over 2 contracts. It was annoying, the market was moving very slowly. I knew it will go up more, but had already no patience and time (I really have to get the kids to sleep already), so I quit. A few seconds later the market went up more, so I could have gotten to my $30 limit, but as it is, no luck: $37.5 with 2 contracts is only $23 net profit.

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Pesach Is Coming

Posted by Deb | Day Trading Journey | Tuesday 5 April 2011 1:10 am

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The Goldstone Illusion

Posted by Deb | Politics | Sunday 3 April 2011 9:56 am

Judge Richard Goldstone is a South-African judge who was mandated by the UN to write a report about Isreal’s Gaza Operation in 2009. The report he had written was scandalously prejudiced against Israel.

Last week he finally admitted he “may have made a few mistakes” in this report.

The best article I have read so far about the Goldstone report was written by Prof. Moshe Halbertal here: The Goldstone Illusion. Please read it to understand the moral dilemmas Israel is faced with when combatting with Arab militants, in the Hamas and Hizbollah.


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The Small Miracles

Posted by Deb | Day Trading Journey | Friday 1 April 2011 3:48 pm




I opened my platform early this morning, as usual for me in the last week. The market was in the middle of climbing up, and I was not sure if I should join or maybe it is already at the end of climbing. I hesitated for too long, and missed the opportunity to finish my trading in a few seconds. The market had climbed up more but by the time I realized it I missed it.

I then waited for a while but did not find another good opportunity, and finally had to go out.

I opened the platform again an hour ago, at 14:30. The market had by now climbed up more, and seemed to be going down soon. I waited, and finally entered with one contract, although the point in which it would have gone down for sure was not yet achieved.

The market went up instead. I added one more contract in a higher point, and waited for the market to turn down. It did go down a bit, but not low enough for me to make any profit on this position.

I waited and waited, and the time was already close to 15:30, when some financial report was scheduled. I was preparing to exit with a small loss, and wasn’t sure about it, when it got 15:30. I was pulling my limit point up 2 ticks, and the market started jumping down and up. My limit caught, giving me a profit of $50. For a second I was sorry I moved my limit, as the market was still jumping, but then it sky-rocketed up leaving my limit far behind, and me very grateful my limit was pulled and caught in time before making me a big loss. Thank G-d!

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Blind Trading

Posted by Deb | Day Trading Journey | Thursday 31 March 2011 6:28 pm

Today I had to trade “on blind”. I didn’t have time to trade in the morning. In the afternoon, which is NY’s morning, the market is busy with a lot of volume and my connection was very bad. The Sierra charts and the Transact platform were moving each in its on speed, and with no coordination.

I saw the market was going down slowly. I entered a limit order in one point, where the market was supposed to be according to the Sierra charts, though the Transact showed the market in a different place. When the order caught the market went up a bit, so I entered a second contract in a higher point. Then I had to wait for the market to go down enough to get some profit. I had no way to know where exactly the market was, but I just waited, and a few minutes later I was out of the position with a profit of $50.

It was funny to see orders being caught by the trading platform although the platform was showing the trade in a different place. I am probably insane to try and trade in such conditions.

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The Disturbing Child Syndrome

Posted by Deb | Day Trading Journey | Wednesday 30 March 2011 1:32 pm




I wrote here on Friday about how I was stuck in a position for a long time, and just when the market was turning in my favor, everyone in my household needed me and I was not able to wait enough to collect the whole benefit of my waiting. The exact same time happened today.

I opened the trading platform in the morning, after delivering my 2 younger kids at school at walking the dog. My older son was at home, but I thought he will not disturb me for a while.

The market seemed to be in a good position to go down, so I entered on one contract. Unfortunately, the market didn’t go down, so I exited shortly after with one pips of profit. I waited some more, and then again tried a short position. That was foolish, as the market again started going up. I hoped it will turn back soon and entered one more contract on a higher position, and some time later another one. But still the market wasn’t going down. I waited and waited rather nervously, and then my son started needing me. At one point when the market wasn’t moving I positioned my limit orders in safe-enough places and left my laptop to go and help him with some work he needed to do. When I came back to the platform the market was just starting to go back down.

I sat there waiting, thinking I will pull down my limits if I see the market goind down strongly enough. Just then he came again, disturbing me with some question. The market was going down strongly but I wasn’t paying attention, and my too-close limits caught. I didn’t lose on this position, but with 3 contracts I could have done better. As it was, I got $62.5 on it, and with the previous short position this made for $75 on 4 contracts. Not bad, and a bit above my current day goal, but such a long position could have done better.

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