Wednesday, May 13, 2009

ice

i paper traded ICE. i lost $500 fake money. damn, that thing is nuts. i shorted after the three bar run up, and then shorted and bought nonstop for 5 minutes or so. it is amazing, how it can take me all day to make 100 bucks, and 5 minutes to lose it all if i was really investing in some momo stocks. now, i was buying and selling in 300 share blocks, so if i was to do it for real, i probably would have lost only a third of that, maybe 150-200 (because right now i only trade 100 share blocks). i have to learn to paper trade the fake money as if it was real. but, it is always different with the real money. overall, it was a great day for me. made some money, buidling my confidence slowly. if i would have had two positions on this morning, i could have made some more dough, but it is all about learning slowly. got to give it a good 2-3 months of slow slow slow trading. later

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