Week 3: Day 10 First Down Day :(

Posted by CarpeDiem | Tuesday, August 26, 2008

Down Day -$5.70 38.58


Well today was not a good trading day for me. I shouldn't have traded at all but I decided to go with my gut, not the technicals and trade. Now luckily I quickly got out of the position but I still had a loss. The only trade for the day was a sell short 2 contracts of the DOW.26AUG.HIGHER and 8 minutes later I quickly got out the position. I bought the DOW.26AUG.HIGHER @ 50 :( But it turns out that was a good buy back because the DOW closed up for the day. I shouldnt have traded today because of the major news that was coming out late in the trading day, but I felt that I could manage to get a successful trade (which I couldnt) but I learned my lesson don't trade late in the day with major news out If there is no strong trend.

Contract: DOW.26AUG.HIGHER
Buy or Sell: Sold
Number of Contract Lots: 2
Price per Lot: 22.5
Order Number: 393626372
Transaction Time: 8:11 PM, Aug 26 (IST)


Contract: DOW.26AUG.HIGHER
Buy or Sell: Bought
Number of Contract Lots: 2
Price per Lot: 50.0
Order Number: 393629610
Transaction Time: 8:19 PM, Aug 26 (IST)

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