Thursday 15 November 2018

Dow Jones - Cut Loss, Fought Back






The Dow Jones is very whippy and volatile at the moment. It's swinging up by +200 points and then overnight it could reversed and down by another -200. Last evening was one such volatile session where the initial long position was proven wrong followed by a cut loss. At one glance, you might thought it's bullish to only realized that the market proven you to be wrong. Hence, went short selling on the reversed and recovered all the losses with profits. Also traded a US stock Amarin where the stock came down and then experienced a panic selling before turning back up. All in total, lost about -$1450 but made back +$6300 which is not bad for a night. It's during these volatile period where $ is made fast so don't waste opportunities.

Ronald K - A Game Changer