Wishing For Uninterrupted Time

Posted by Deb | Day Trading Journey | Friday 10 June 2011 2:02 pm

I started today being too cautious. I opened the platform late in the morning, but as the indicators were not clear enough for me I didn’t enter the market and worked on other stuff on my pc while waiting for the market to take a clear direction.

After picking up my kids from school I took a look at the market again, and again things were not clear enought, but it seemed the market will soon be going down. I hesitated for a while, putting orders and cancelling them, until I finally decided to plunge in.

The market did go down slowly, but too slow – soon I had to go out again, taking my son to his class. I quit the market with a small profit of $62.5.

5 minutes ago I came back, and the market had meanwhile gone down another 2.5 points which I missed. I am always either too scared too wait out the big divings of the market, or have to go out somewhere and miss all the action!

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4 Comments »

  1. Comment by Trader — June 11, 2011 @ 4:19 pm

    you need a trading system. Something that tells you when to buy and sell so you only have to “handle” the trade.

  2. Comment by Keith — June 12, 2011 @ 6:29 am

    Agreed. Leave the emotion out of it and find a highly probable approach. THAT is the only thing you can do,,,,,,,either your stop gets hit, or your profit target makes you profitable. Forget the ‘scared’ emotions, because emotions will kill you, in the sense of not allowing you the opportunity to become the net winner. Look for a very simple approach and trade only during the highest volume portions of the day. Forget the afternoon sessions, generally, and only look to take the money from those who wait for confirmation. Futures IS speculation, NOT analysis, no matter what market you choose. Just my 2 cents.

    Keith
    thedailyeminitrader.com

  3. Comment by Robbie P — June 20, 2011 @ 8:24 am

    I am thinking about buying a custom Trading system from a New Jersey company called NHP Consulting LLC. Its brand it VitalVest.

    Any one used them, they sound good prices compared to others in market
    the website is vitalvest.com

  4. Comment by Deb — June 20, 2011 @ 8:30 am

    I have never heard about them. Can you or anyone else tell us more about it?

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