Dow Jones - Shorted at Weak Demand Before Bad Earnings Released

I just finished a trade but more important was what happened before the trade. I met my mentor yesterday where he shared with me many things which I found it very useful for trading and my business. From the virtual trading room I created where people made $$ last evening to the Dow Jones trade I took, it was all motivation which spurred and drove me. As much as I know what's going to happen to the market, I need to work on my execution at times and drive myself consistently so as to achieve what I want. It was a great trading session last evening after my Instagram LIVE!

Shorted the Dow Jones at the weak demand zone because the buyers weren't strong. I know it's not the right thing to do but after the 3/4 bottom, there was a lacked of strong buying which omit some important signals on the downside. The sellers were extremely persistent and hence I decided to short. Soon, the market opened and exactly what I predicted and accordingly to my analysis, the Dow Jones gap down while I locked in profits of $20,000. There was bad earnings from Amazon and Apple and hence the market reacted to the bad news and started to sell ahead.

Using the right skill set and analysis, one is able to do forward prediction of what's going to happen in the market which I thought it's important for the right execution. In this case, because of the weak demand and that small little green bar, it gave a clue to more downside and hence warranted a short sell. Looking forward to do the next successful trade.

Ron K - A Game Changer