Monday, December 10, 2018

OCBC - Profits From Short Selling




OCBC gap down today but I was so pleased and happy to see my student shorting the bank and profiting from it. I studied the chart to the most miniature details where I saw the gap up caused a heavy throw down thereafter. With 6 lots and making $823, it's considered not bad for a good small short term trading. Selling and short selling always have a larger effects than buying because human fear more on the sell than buy side. The whole market is currently tanking and it's very weak but who knows a bounce is coming soon?

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