Taking the Simulator Seriously

Posted by Deb | Day Trading Journey | Thursday 12 May 2011 11:12 pm

As I knew I was going to trade today on the simulator only, I started today’s trading not being serious enough. When I was getting ready to look for a right point to get in my younger son came over to look, and I entered a position with really no preparation, not realizing the charts have not yet downloaded all history. A minute later I realized my mistake and got out of this position with no loss or profit.

When everything was ready, I entered a second position, this time with 2 contracts. But then my second son needed my attention, and I didn’t pay any attention to the market till a few minutes later I was out of the position in my stop-loss point, with a loss of $75.

At this point I decided to get serious. I didn’t want to lose on the simulator! I waited till I had a good opporynity to enter, and thankfully was out some time later with a profit of $147.5, make it a net profit of $62.5. Then I decided I should get even with my previous loss, so I entered one more contract and took one tick, making my total profit for today $75 over 5 contracts.

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