S&P emini – Gambling or trading?
Today was another horrendous day for my dummy account, I’m glad it is my dummy account as I made 5 trades and each one was a loser!
I’ve not been watching the market properly all last week and I’m a bit out sync with everything. Last week at work there were leaving do’s and outings.. I had to do the social thing and mingle a bit.
So, after a week (discounting the 1 day of trading), I am back today somewhat eager to get right stuck in.. I just want to trade and make it work, I’m a bit impatient yes, let’s put on some trades.
Well, this sounds like the psyche of a gamble today and indeed it was.. I got completely pummelled.
My trades today were
1. Long 150025, I got stopped at 149775 – I saw the market peep above the 150000 and decided that this was a good place to buy
2. Short 149775 and short 149800.. these were stopped out at 150025
3. Short at 149950, stopped out at 150075
4. Last gamble was a short at 149450 and got stopped out at 149700.
The chart is here
Funnily enough, on my real money account I shorted the Dow cash market and made 20 pips! Profit!!
