Tuesday 3 March 2020

Beyond Meat - Meaty Profits After Rebounded









Last evening was great as we traded again together while allowing the market to rebound. The Dow Jones rebounded 1200 points after all that scary selling that happened last week due to the Coronavirus. It was a good rebound since we traded Beyond Meat on the long side and made $$ out of it. Because the market was about to rebound and I could forsee it before it happened, hence, I decided to trade something near the demand zone as the risk was lower. As the market trended higher and gap up, that's where we went on to lock in profits and call it a day. The 5 minute chart for Beyond Meat was nicely setup and the profits was meaty too. Looking forward to the next trade!

Ron K - A Game Changer