My Daily Trading Blog

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Thursday, September 30, 2010

Loss SIM, Win LIVE

Last night we did a, check it, 6.5 hour long training in Idaho Falls, Idaho.  Chris Pelissie (a Master Trader in my book) opened up and taught basic information, strategies, and literally went from step one to step ten over the course of the night.  I think people were energized, reinvigorated, and very thankful to him for his time and talent.

So... I got home (to Farmington Utah) at about 1:30 am.  I told myself that it probably wouldn't be wise to trade at 6:30, because of the lack of sleep.

Then, as it happens when you have small children, my two-year-old woke up at about 6:00 am and was relentless about staying awake.  My wife, bless her, tried to get her calmed down - which worked for about a minute or two - but to no avail.  I must tell you that when I returned home last night (early this morning) my wife Joy was up bottling pears.  So she was not well rested either.

Regardless to say, I ultimately got up (around 6:15) and went into my office to trade.  But because of my personal rule of not trading if you're not in the "zone" so-to-speak, I decided to make the trade on paper, or simulation - not live.

I also decided to practice another strategy taught by MMT just to hone my skills.  Well, the strategy did not work for this trade, and I lost it (paper, mind you).


I played another calendared MMT trade, only I traded it live.  I won 3.5 points and then made a poor choice and lost 2.0.  So I was up today 1.5 points live.


Have a great day.

K

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