Trading in the Morning

Posted by Deb | Day Trading Journey | Wednesday 26 January 2011 4:46 pm

As I had told her before, it is difficult for me to trade in the “right” hours, when the market is open. The time difference makes it very busy hours for me: that’s the time when my kids are home, and I don’t have enough uninterrupted time. Yesterday was no exception: I didn’t have time to trade in the morning (when I tried the market was far too slow to do anything). In the afternoon my kids needed me, and I couldn’t trade. I actually did open the platform and placed an order in the simulater mode, but then got distracted with my kids and forgot all about it. When I came back to it it was no surprise the position had lost.

Today trading was faster in the morning, so I did try. On my first try, I put a short order in a winning place, but then the internet connection was lost. As the simulator does not save orders or positions, I had to restart. The market had gone down meantime as I had guessed it would, so I was disappointed the previous position was lost. Nontheless, it looked like the market would continue to go down so I entered again a short position.

Of course, just then the market went up again and I lost $75. I decided not to give up and put again a short order. This time the market went as predicted. Finally I was out with a net of $137.5! The second position had won $212.5 on 5 conracts! That was a good boost to me, after being far from trading for so long.

Tomorrow I have to resubscribe to the Sierra charts. Had I been losing today, I probably wouldn’t want to spend more money on this. Now I am encouraged to continue playing with this.

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