Trading Like the Big Traders

Posted by Deb | Day Trading Journey | Thursday 24 February 2011 6:55 pm

The internet connection today is bad. It took me several tries to open the simulator. The market seemed to be going down, but I couldn’t get a good connection in time. When I finally got a connection, the dive was almost over. I entered a 2 contract short position to get the end of the dive, but of course just then the market went back up and didn’t finish the diving I expected.

I decided to wait for the market to do its dive. When it climbed up more, I just ended more and more contracts. I had already 10 contracts when the market was going down. Till then I had already a potential loss of over $2000, but I decided to imagine I have a big account and not take notice.

Finally it did go down. I quit the 5 of the contracts, then added 4 more. Finally I quit with a profit of $262.5 over 14 contracts. In real life trading that would be a profit of about $160.

Then the market continued its dive, and I decided to go in live trading to make some real profit. No luck. I just couldn’t get a good connection. So my potential profit will have to wait for a day with better connection. Now my son needs me to take him out. Too bad.

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