Playing with the Transact Simulator

Posted by Deb | Day Trading Journey | Tuesday 10 August 2010 9:49 pm

Yesterday and today I was playing with the smiulator.  Trying things I wouldn’t dare do on live.

Yesterday I went into a position and immediately started losing.  I decided to wait and see.  2 months ago I would probably add contracts on a higher price.  Yesterday I waited to see what happens.  Well…  I did lose at the end, big time.  At least I learnt a little how to identify chances to get out of the losing positions in a minimal loss.

Today I started with a good position but went out of it too quickly, so the profit wasn’t much.  Then I entered again, and the position was losing.  I thought of getting out of it to cut the loss, but forgot about a financial report that was due just then.  Suddenly the market changd direction, climbing up so quickly – and I was winning!  That was nice.  I went in again to a position while the market was still going very fast after the report; not something I would recommend on live, when the market jumps so fast you can never now where it will get to.

In any case, I feel still far from going back to trade on live.  I don’t know how much time it will take.  It feels so scary now.

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2 Comments »

  1. Comment by TinaKristina — August 22, 2010 @ 5:59 pm

    I would like to exchange links with your site futurestradeblog.com
    Is this possible?

  2. Comment by Deb — August 22, 2010 @ 9:54 pm

    Of course. Thanks for asking.

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