Simulator and Live Trade

Posted by Deb | Day Trading Journey | Tuesday 1 March 2011 2:45 pm

Yes! As today’s title shows, I did today some live trade.

I opened the platform in the simulator mode a short time before I had to go out and fetch my daughter. The market seemed to be going down, so I put a short order for 2 contracts. The market went up a bit, so I added another short order on the next 2 contracts. As the market moved very slowly and no order was caught, I decided to leave the orders open and go out to fetch my kid.

When I came back, the first order had caught, and the market was far from the second (higher) order. I waited a short while, and was out of this order with $112.5.

It seemed the market had a few more pips to go down. I was a bit scared, but decided to try for some live trade. I put 2 orders, each one for 1 contract, in short position. I had one order get caught, then the second, and the market continued up. I of course got nervous and started to regret my decision, but still believed the market will go down.

After about 5 long minutes the market went down, but not as much as I hoped. I finally quit with a small profit of $37.5.

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