10th December

Dow
Dear John

Well I came out in profit. I watched it go horribly against me and I sat it out. I moved my stop to the top of the Bollinger band which was 72 against me but I sat it out and left it. Sure trepidation at a few points but generally I said if I stay in this trade I have not lost any money and all the signs were it was going down. I ended up making 14 points profit. I wasn’t sure it would let me out in profit so when it got to the point where I was happy I set a trailing stop at 4 and let it run and it went down nicely.

I learned a few things. I should not have got into the trade as a sell instead a buy and made some points. There was ample room to make money there. There were times I wanted to get out but I thought nope I wont learn this game if I get out so that’s why I stayed. Then on the way down it started going my way. very strong resistance at a few places and at one point when it was 35 down my stop was at 50 points. I then added a new stop closer to profit.

Tomorrow I will trade like this again and I will increase my stake but for now I’m staying where I am to get familiar with the volatility in ‘real’ money time and then go up. I am thrilled to end the day in profit. It has continued to go down and had I not gone so much against me I’d have sat it out longer but the relief to make profit make me take my gains. It stopped me out when the green candles appeared. Darren unbeknownst to me also traded and made money going pu and down.

I learned a lot today. Every day is a learning curve and I’m thrilled that I stayed in the trade. This is what I did in demo and it always came back to reward me.

I’ve closed Deal Book and now have some day job work to do. I can see that the real runs start after 4pm which suits me fine. In the USA that is 11am and suits us fine too as we don’t have to get up before the sparrows.

Have a good evening John and I hope your trades go in your direction

Cheers

Desiree