Donald Trump just got tested positive for Covid-19 and the worldwide markets started to tumble on fear where many traders were embolden to throw in the white towel. The news was so bad that the market was terribly fearful that at one point, the Dow Jones was thrown down - 550 points and I saw many retail traders went in to short sell the market. Click on the link below to read the news.
Selling on momentum was the right thing but one needs to be nimble and take profits quick or it shall evaporate soon. As the market slumbered down, the Dow started to touched a demand zone. So at 5.13pm, I whatsapp Winfred and gave him my private personal Dow Jones outlook where I told him that the Dow would sell down first and then rebound. From 5.13pm - 9.25pm, the Dow Jones was down like -440 points and from 9.30pm onwards, the Dow Jones surged and recovered 300 points as shown in the 5 minute chart. When everyone was selling on bad news, I am looking to buy the bottom and at the turning point. Profits were made and I asked why Winfred why he wanted to learn from me? He told me it's because of my confidence and the skills I possessed which he wanted to acquire. So far so good as under my hands, he's been super profitable to far. Looking forward to the next moment like this. I don't think like a retail because retail always get slaughtered. One must think like a big fish so as to profit consistently from the stock market.
Update: Oct 4, 2020, 7.31pm
Trump was diagnosed with Covid on Wednesday, not Friday and hence the Dow distribute up from Wednesday to Thursday for traders to sell and then cause a sell down for amateurs to throw down on Friday so that big institutional traders buy on Friday when the retail panic sell on Friday! It's so cleverly skillful which incapacitated retailer traders.
