UP Day: +.80 + 3.13%

Well to my amazement the funds cleared 1 day earlier than they were scheduled to, so I couldn't resist I had to trade CARPE DIEM :) $REAL MONEY$




So it was about 1:30 PM the Dow was near the lows of the session and down about 130-150 points. So I decided to sell 2 DOW.13AUG.HIGHER (you buy this contract if you feel the Dow will close higher) @ 5.5 so the trade cost $18.9+ .10 trading fee so the total was $19.00, and the total reward of the trade would be $1.10-commissions ($.80).


Now the reason I sold DOW.13.AUG.HIGHER is because I felt that the Dow at that point would not be able to close higher and I was getting enough profit if successful, since the contracts were being sold @ 5.5 .

Alright so immediately after I sold these contracts the DOW rebounded hard and the DOW.13.AUG.HIGHER contracts were up to 19.5 WTF !!!!!!! So basically I shouldn't have put all my money in the market at 1 time. I should have sold 1 contract @ 1:30 then waited to sell another one, lesson learned. But I didn't panic I stuck with it and the marked started to sell off later in the session, and eventually closed down :).

So at the end of the day I'm up $.80. I had to pay a .10 trading fee and a .20 expiration fee [1.10-(.10+.20)=.80] . Now I was supposed to get $1.25 so I will have to add that on for tomorrow. My goal for tomorrow will be about $1.30 :$

At the end of the day my account is now $25.80