Today was the first official day of trading my account. Currently being in the middle of applications for internships/placements and lectures - I have limited time to trade, however a few opportunities presented themselves throughout the day.
My first trade was on the NASDAQ, spotting that it was fast approaching a support line that it hadn't broken since Feburary of this year. This seemed like a very strong support line, especially for an intra-day trade. I was a buyer at 15,912 just after it had bounced off of the support line.
I let this run for 17 ticks before closing the position. In hindsight I probably would have let that trade run on, with a trailing stop/loss of about 10 ticks after it had ticked up 15, however I am new to the software and had applications to do so couldn't leave the position open.
The second trade I made was on the NASDAQ too, however I was a seller, selling at a resistance line within the trading range. This is where I made a 15 tick profit but with twice the lot size of the last trade. It got a bit volatile mid-way through the trade because of the IEA Oil data coming out, therefore I got out of this trade.
I decided to get back in after the volatility had died down slightly after about 15 minutes, however the move was over and I gave some of my profits back to the market.
Overall, made a profit of 3.15% of my overall capital, so was not a bad trading day.
However I will definitely add some more capital to my account in the coming weeks, because with these 3 small trades, I moved my account size quite a lot therefore feel I am a little over leveraged.
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Day 2: (+ 3.15%)
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