Single Moms Trading Problems

Posted by Deb | Day Trading Journey,single motherhood | Sunday 11 July 2010 6:05 pm

Those who read here regularly have probably already realized it is often difficult for me to find a quiet time to trade. The time difference between NY and Israel makes things difficult: When I just started trading I would trade in the mornings, when the kids were in school, or late at night. I stopped trading late after a few times in which I forgot to get out of the position in time and had to wait till 1:00 AM till trading resumed to close the open position. Later I stopped also trading in the morning; the trading is so slow in these hours. It takes too long till things happen.

This brings me back to trading when the NY stock exchange is open, which is the late afternoon and evening here. A very difficult time to get a quiet hour with no interference. In the more difficult days I have to take the kids back and forth from lessons, friends, parties etc. In easier days I can stay home, but the kids will always knock on my door for something just when there’s a good opportunity to go into a position, or worse when I am in the position and things are moving fast and I don’t want to loose.

Friday was one of the more difficult days. On Fridays I always have a shorter time slot for trading: The kids have no afternoon lessons, but the Jewish Shabbat starts on the evening. During the summer at least I can trade on the later afternoon. When we move back to winter time I will probablly have to go back to trading in the morning.

Anyway, this Sunday there was a swimming contest which my kids wanted to join. I drove the 2 younger ones there, while my oldest who was biding with friends planned to get there later. Once I got there I found out I forgot my older boy’s swimming suit which he wanted me to bring for him. I had to see my 2 younger kids swim, then run back home to bring the swimming suit, than wait for the older boy’s time. When we finally got home it was very late, and I was tired, the kids were hungry, and there wasn’t much time left.

Finally I managed to get to my laptop and opened my Transact platform to trade, and when I was almost ready to start I hit the mouse button by mistake and got into a position without meaning it. That’s the first time this happened to me (actually with the windows 7 interface it is not such a surprise!).

Luckily I pressed at least in the right direction, and not in a bad place. I managed to get out of that position rather quickly with a small profit. Than the kids called that they were still hungry. I told them to wait a little more, and entered one more position. The market took some time to go down enough for me to profit, so I got out in a smaller profit than I could have done. The bottom line was $150 on 4 contracts.

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  1. Comment by Lyndon Dave — September 7, 2010 @ 2:56 pm

    I’ve been looking for this kind of post at Google and it is excellent! Foreign exchange robot undoubtedly provides you an edge of performing forex trading online. No wonder you can find a lot of forex trading robot available but this one is good! Keep it Up!

  2. Comment by Deb — September 7, 2010 @ 3:08 pm

    Now, can somebody tell me: Did this person even bother to read my post? Why does he think he can post his comments like this? This is not the generic comments I see around here like “gread post”, “thank you for sharing your wisdom” etc. This is a more specialized post, that does not fit here at all. Stupid internet marketers!

  3. Comment by Sankri — February 22, 2011 @ 5:47 am

    Enjoyed reading your blog.I am a mother, now at home and trying my hand at stock trading. I have had some small profits.

    I would like to dive into the Futures Trading……but have not yet… Still learning.

    Thank you and have a great day

  4. Comment by Deb — February 22, 2011 @ 10:44 am

    Thank you! Good luck in your trading, and take your time learning… This area is risky!

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