Friday 23 August 2019

Dow Jones - Bottom Fishing





The Dow collapsed yesterday evening after 2 long break our bars. Just when I thought i was about to crash, it suddenly touched a bottom with a steep sell down and U turn back up again. Longed at the bottom and started to swing a little. The first 20 contracts wasn't really at the bottom but the last one was. As it continued to collapse, the last 10 contract was really the turning point where I longed my last 10 contract at the bottom and it finally reversed up. From that bottom, the Dow Jones trended all the way up and I got to lock in profits while cutting some losses where I longed to premature. It was an easy night last evening but it wasn't so simple to long at the bottom thereafter. Looking to trade another time soon.

Ron K - A Game Changer