The DAX was predicted to go down so I put on a ‘SELL’ trade for 1.0 unit at 09.30am this morning.

My plan was to get in quickly and come back out again before the markets could react! I was aiming for £300 +. I managed to bank £900 but I have a trade open at the end of the day. This could be my undoing!

However, there’s never a day without excitement during Trading the DAX. It started to fall as expected but then did a quick about turn and headed in the opposite direction, leaving me stranded for making a profit. I should have started at 9 am – the early bird…

It meant taking a profit where and when possible while going down initially, then doing it in two spells of £192.57 and £101.87… nearly my initial £300 target but not quite.

The reversal started and took me by surprise, leaving me stranded with a prospective loss of £400. Aah! I had to start again in the other direction so I placed a Buy Trade – still on the DAX.

Believe it or not, I had to make a double reversal… this is not good judgement for me because I am simply chasing the trade and it has the advantage over me, it knows where to go and takes the lead, leaving me suffering in its slipstream.

Now I have Two ‘SELLS’ and a ‘BUY’ trade, all losing money for me. The only consolation is to think that the trade has to go up and down at sometime during the next 24 hours… I must therefore wait for the individual trades to come right into the money before I kill them, one at a time.

Reading this must be like reading about watching paint dry!

Reviewing my performance so far today makes rough reading. I currently see -£1,210 as the sum of my three trades.

This is against the £724 that I have actually loaded into the bank, so I’m about £500 down overall!! This will only change by me making a profit from rhe three individual trades left active. It is now 2.30 pm and the DAX stops trading at 5pm.

Not sure that 2hrs and a half  is enough time to recover… we’ll see.

I ended the day having to leave the DAX trade overnight because it was showing a major loss and threatening the handsome profits that I had made elsewhere in my account. I made over £900 today and my account looks very healthy.

Tomorrow morning I will check out the DAX status before deciding what to do with it. I am also driving over to see my disabled brother in Shropshire… a day away from the trading screen.

That’s it, a wobbly day’s trading, leaving a profit of £900 but an unknown end result for the final closure…if the DAX falls before I see it in the morning, I will close the trade and pocket the cash. If it doesn’t fall to satisfy my SELL conditions, I will simply leave it open until it falls to make me the cash. What a great way to earn lots of money!!

Any Questions about Trading the way I’m doing it?

Just pop your details into the box above and I’ll answer any questions you have. Remember, there’s only one way to earn real money like this… take an interest, roll up your sleeves and the magic will flow in your direction from people like me who are doing it and sharing the knowledge, every day.

Harry Wright   4407714222358