Blog of Day Trader

No trades today. I could not trade the market due to "life" so nothing.

I have to wait about half an hour before I get in. It's a great trade though.

Another good day thanks to the great open and close. Up $1,500 on the day. Started with a quick trade for $800 profit. Then 3 almost break even trades with a $700 losing trade thrown in. Up until the last 11/2 hours it was looking like a flat day. Then the markets took off. On two late trades I made another +$1,200. I am starting to see a pattern here. I can't reveal it and I have to trade much, much longer on it.

I wonder what this week will bring? I have a feeling nothing like week 1.

Start off right away with a losing trade -$700 in a few minutes. Great start. Another trade comes up. It's not a great profit but I make $200 on this one. Again only a few minutes. In again. A smaller loss of -$400 this time. Gee, this is going to be a tough day. -$900 in the first hour. Ok I am going to give it one more trade today. I wait for my signals. I wait about 45 minutes and I am in again. It goes my way right away. Within minutes I am in profit and trailing my stop. I get stopped out with a meager $100 profit on this one. So that's my first losing day with a loss of -$800.

Here I am again. Surely a big losing day is due?

I wait and watch. Surely a big loss day is coming? Could this be it?

Second day here we go. Day starts of all over the place. I sit and wait. I would rather do nothing than lose money taking silly trades. I can't get a signal. not to worry. OK here we go. I get one and take it with confidence. Again initially it goes against me. Seems like it likes to do this. I merely wait for my stop to be hit or not. OK it goes my way...and BOY does it go my way! I am up $2.50 on my account and that means $2,300 profits. I gave the trade a lot of room to move at the end of its move. But I am not concerned about giving back some profits. I made enough.

Well after paper trading my method for 3 weeks I am ready for the plunge with real money. I start with a $75,000 account and show in details what happens from day to day. Paper trading isn't worth the paper it is written on but it does tell me this method has a chance. I have written off so many trading ideas after paper trading them for a few weeks/months. Some methods work for a short while only to collapse. Occasionally I get it right. I am not here to sell this method. I am done with that. I am merely showing you what is and what is not possible. Here we go then.