Wednesday, April 11, 2018

OCBC, DBS - Fast Scalping

The market is in a deep trading whipsaw range now with no directions. It's hard to even swing for big $ but I am pleased we took some actions shorting the banks and locking in some good $ asap the moment this trading range was spotted. We shorted ocbc and dbs while the 2 banks took a small dip, the buyers were also quick in their recovery and hence we quickly look to lock in profits to avoid any losses. Not sure where the direction is now, but I believe stay out until the dust is clear is a better option.

Ronald K - Market Psychologist - A Stock Market Opportunist