Tuesday, November 22, 2011

I am finding time again to do some day trading. I have given it a lot of thought and I really feel I am in a better place now for this and I really need to make it work. I have a very simple plan now and, if I exercise the patience to wait for my set-ups, I should do just fine.

I am paper trading now, (for the NQ trades in my day-trading account). Hopefully by the first of the year I will have shown enough consistency that I can make the move to real. I am just trading one contract of the NQ. If I can make that work them I will think about increasing it, but, for now, just one contract.

Today started off with a particularly good trade, which is nice, but it's important not to think that's how things will always go. I exited because one of my management rules is to just take the profit if I ever hit ten points. This blew through the ten before I realized it so I was going to wait it out a bit, but once it started balking, I just bailed.

0 comments:

Post a Comment