Playing it Big

Posted by Deb | Day Trading Journey | Wednesday 2 February 2011 7:11 pm

Yesterday, I did not have much time to trade. I opened the platform in simulator mode, put a short order on a resistance line, and then got interrupted by the kids. The market when up a lot yesterday, so when I remembered to look back at it I was at a big loss.

Today I tried again, and as it seemed today the market will be soon going down I put a long order. I wasn’t sure at what line it will turn down, and anyway I wanted to “make up” for yesterday’s loss, so I put 4 contracts on different positions. The market went down till the last order caught, and even a bit more, so I added 3 more contracts. When it finally did turn back, I needed already to go out to fetch the kids. If it was on actual trading mode, I would have stopped at that stage and taken the $62.5 I already had, but as it was a simulator I let it move more.

When I came back I was already on a profit of $362.5. I decided to quit the position with that, as the market seemed now to go down again, but as the platform didn’t immeidately respond to my order I pressed twice, and got myself into a new short position with 3 contracts. Soon after I was able to collect another profit of $100 of this position.

Bottom line: $462.5 over 10 contracts. Too bad this wasn’t a live trade!

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2 Comments »

  1. Comment by f secure ssh client — March 2, 2011 @ 12:53 am

    I wants to include your blog to my blogroll please inform me what anchor should I use?

  2. Comment by Deb — March 4, 2011 @ 2:15 pm

    What about “future trading”? Thanks!

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