Wednesday, February 24, 2010
Today, something happened to me that has never happened since I set up my trading account with Global Futures in June 2009. Stay tuned...
Yesterday was an amazing day for me at Market Mover Trading. I had five different appointments with prospective MMT students. I was literally running from one appointment to another from 11:00 AM until 5:00 PM. Really. Those of you whom I met with can confirm. I was late for almost all of my appointments. Sorry guys.
I finally fell in bed at almost 11:00 PM after a late-night appointment at my home with another prospect and after emailing everyone who had emailed me throughout the day. I was exhausted, but totally thrilled and excited about the growth of MMT and the great time I'm having telling people about it. It is really fun and easy.
When I got in bed, I thought, "I'm not going to set my alarm. My kids will wake me up." So you know, my kids are usually up by 6:00 almost every morning. I fell sound asleep and this morning was having an intense dream about being at a scrapbooking trade show (for those of you who don't know, I used to be heavily involved in the scrapbooking industry). I was trying to get out of the trade show and simply couldn't get out. You've all had those dreams, right? The ones where you are trying to do something and you just can't get it done.
Needless to say, my kids did not wake up early this morning, and I shot up in bed at 7:15. The house was quiet and peaceful. But my head was reeling as a result of the dream (nightmare) I was having. I got up, got showered (yes, I shower and use deodorant) and got dressed and in for my trade by 7:45. Glad that all worked out. :)
It was a pretty normal day of trading. One announcement. Clean. I watched the leading several minutes for any push up, push down, or consolidation - and determined that a straddle would work well. I set my straddle about 10 seconds before the announcement. I got filled short (in a selling position) at 1100.00 with no slippage. I cancelled my long order (buy) and then...
The trading DOM (Depth Of Market) froze. Like lake in Minnesota. It was frozen solid. No movement. Nothing. Actually, the chart still moved left, like normal, but there was NOTHING doing. I freaked out! I didn't know what to do. I called my friend an fellow trader Jon Jaynes because I knew he was trading the announcement as well (we had been texting back and forth) just to find out what the market was doing. He put my mind at rest because he said it was down at 1098.00 but I still could not see any movement on my trades and had no idea what was going on.
I called Global Futures and the phone lines were busy. My brother Steve texted me and he said the exact same thing happened to him.
So there I sat. And I waited.
Nine minutes later, the DOM thawed - so to speak - and the market was down at 1097.00 I was still in my trade. The system did not execute my SO2 Target Exit Orders. I put in a buy order for all 10 contracts at 1096.25 and got filled. I was up $1827.00 after commissions!!! WOW!
I finally got on the phone wtih Global and they cancelled my two working orders. I was good. I had not only survived the craziness, but I had thrived because of it.
NOTE TO ALL: This was a total luck-of-the-draw situation. It could have causd me some real damage. But it didn't. I consider myself blessed/lucky today. This was an awesome trade for me - but it had nothing to do with my skill.
So, the moral of the story is - sometimes good things happen, and sometimes bad things happen.
Go out and make it a great day!
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