Thursday, August 30, 2007

First Evening Trading

While I'm sure it will prove my amateur status as a trader here are some details of my first evening with my new toy:

B EURUSD @ 1.3656 S @ 1.3657
B EURUSD @ 1.3647 S @ 1.3651
B USDCDN @ 1.0620 S @ 1.0619 ***

Yeah, big time gains. Approximately $0.33 in my pocket after an evening of anxiously watching the charts.

I learned an important lesson on the USDCDN trades. First, the spread, or the difference between the buy and sell price is 10 points for this issue. Second, when you click the buy or sell you absolutely must verify that the price shown is a price you are willing to sell at. I had intended to sell my position at 1.0623, and thought I had, until I noticed that my income was a lot lower than I had expected.

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