Back on Track

Posted by Deb | Day Trading Journey | Wednesday 13 April 2011 2:46 pm

Today I got $62.5 on two contracts. Not bad, but of course I am disappointed: I was hoping to get by the end of this week to my second milestone of having my account back at $2000, and instead I have to repeat the first milestone of $1500.

Coming to think of that, when I was working in high-tech it wasn’t so rear to have to extent the first milestone instead of going on to the second. Maybe I have to think of it in this way.

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Learning How To Lose

Posted by Deb | Big Loss,Day Trading Journey | Tuesday 12 April 2011 7:02 pm

Today I lost. Big loss: -$437.5 over 2 contracts.

I waited a long time for a right moment to go in. I missed a good position by hesitating too much at the begining, and then waited and waited, and finally lost my patience. I entered with one contract, and when the market went against me I added one more contract instead of getting out: I had no real indicator that the market will where I wanted it to go. I was stubborn and stupid.

With the 2 contracts, I had a good opportunity to get out with a small loss, but it was still a bigger loss than I was prepared to endure so I waited and waited, and finally lost big time.

On a different level, I was telling people about my trading experience. In the past, after every time I spoke with people about my trading – I lost. I guess when speaking about trading with other people I get into the mood of “yes, I am a trader. I will trade every day and win”. And then my ego gets too big and I enter positions without being cautious enough. Instead of telling myself today: “I couldn’t find a good time to enter today, so never mind – I will trade tomorrow”, I entered with no real indicators, and then waited for the market to turn around with no real indicators it will ever do that.

A few weeks ago, when I starting the current “trading period”, I remember quitting a position with a small loss and being happy and proud of myself of quitting on time. Today I lost it. I didn’t quit in time, and lost big time.

I am stubborn. I will continue. I will make progress. I have to go back to trading cautiously, only when I have real indicators, and quitting in time.

Wish me luck!

——————————————-

I ate a lot of chocolate. I screamed unproportionally on my eldest boy. I am trying to be indifferent, but I am not. I lost the profits of 3 weeks. I stopped being cautious about my trading. Will I be ever able to trade “by the rules”, and make a real profit? This is so discouraging!

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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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