Trading Early

Posted by Deb | Day Trading Journey | Tuesday 3 August 2010 2:28 pm

I want to take my children out this afternoon; I want to see the newley renovated Israel Museum. Since I don’t like trading late in the evening, when my kids are sure to be interfering too often, I decided to try and trade (or actually simulate-trade) early today. Early meaning around 14:00 Israel time, which is 7:00AM NY time.

It is much easier to do the simulated trading early. The trading is slower, and if you are doing live trade it may be very irritating. When simulating, it doesn’t really matter. The anxiety is gone.

Actually, although the trading is slow, I managed going in and out a position rather quickly: It took about 7 minutes. I entered with my “classic” posiiton: 2 contracts, first exit after 3 ticks, second after 6. All went smooth. I could have pulled the second exit a bit lower and get a bigger profit, but only of a tick or 2. This way I got $112.5. Good enough. If every day went like this, I would be happy and go back to actual trading very soon!


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