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Daily Trade Posts

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Friday, January 29, 2010

First week of trading

My first week of trading is in the books. I took The Exchange Boot Camp course this week, which is 12 hours of training on how to use the trading software and MMT strategies. I couldn't imagine trying to trade without this training.

My first trading day was Wednesday. I made two trades on the Federal Reserve announcement. I made 3.5 points (35%) total. 2.5 points were on the inital announcement, and another point was on a correction.

On Thursday I made a trade on the Unemployment and Durable Goods announcement and made 1 point (10%).

On Friday I made trades on two separate announcements. I made 1.25 points (12.5%) on the GDP announcement and 1 point (10%) on the Chicago PMI announcement. That's a total of 6.75 points (67.5%) for the three days that I have traded. I have been paper (practice) trading with 5 contracts at a time. Each contract is $500. So, if I had been trading real money, I would have made $1,687.50 before commissions.

I never thought I'd say this, but I can't wait for Monday!