Tuesday

Becoming profitable

Today I bought some AVAV feb 40 calls. Still holding the shares of DXO from yesterday. I was expecting them to move higher today, but.... Tomorrow oil will be up again, at least for another day.

I remember when I first started to make some money trading. I had $2000, or there abouts, when I stopped and took a deep breath for a couple weeks. It was a struggle getting there, and I was terrified of losing it. I read the blogs and paper traded and learned something about forex too. When I came back to live trading, it was all there. I started making good, really good trades, and quite a few. Just in small numbers mind you, but real money I was banking in my account. Granted we were right in the middle of an unbelievably strong bull market, but still, I was trading up and down, to the short side, the long side. Cutting my losses early, winners were running, reading my IBD religiously. Remember please, it wasn't tons of cash like the real traders, but a hundred today, 300 tomorrow lose 70 the next day, and so on.
And oh, was I having fun.

So now I'm trading, and making money. Now what?