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.


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.


Pesach Is Coming

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


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.


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!


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.


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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