Tuesday, November 3, 2009

3rd day of Live Trading..nerves calmed a little

So, as I said in my last post, I was incredibly surprised at the emotional impact of live trading. Yesterday, one trade started moving against me, and I got so nervous I thought I was going to throw up...seriously. Luckily the trade turned and I got out of it ahead.

Today was a much better day. Trades moved in my favor, I made 5 trades, all were successful, and I was done in 40 minutes. Right now my goal is at least $50 a day. If I can do that for one month, than I'll up the goal to $100 a day.

I'm trading one contract at 1 tick. This is the lowest possible risk for what I'm doing. I'm setting my stop loss at 25 ticks (which is around $300 loss if it goes against me).

Initial payment - $525
Acc Monthly Expense - $500

Total Acc Revenue (gross) - $325

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