Extremely scary last evening as the Dow first got sold down and then recovered in the first 3 hours of the trading session. Soon, the Fed started to speak at 1am while I knew it was time to take profits off the table because the chart doesn't look good and I thought a major correction is imminent. Traded $2,200,000 worth of stocks as I was confident in the stock I picked but suddenly, there was a shift of momentum where I managed to quickly secured profits and run. The stock tank and in fact 94% of the stock collapsed as the Dow Jones at one point suffered a -700 points dropped. Well, my profits maybe just 5% but my heart was big enough to at least give it a try. I started the day yesterday with a good cup of coffee in my favorite cafe and started planning the stock I am going to trade and soon when the night arrived, it's all about execution at the right timing with all the hard work I put in during the day. I ended the day with $38,000 USD profits, not my best profits but at least I managed to escape everything without any injuries at 12.46am BEFORE the Fed spoke that caused the market to sell down!!
Disclaimer: The purpose of this blog is not intended to induce or promote any insider trading or manipulation activity. This blog is created for the sole purpose of education, discussion and knowledge sharing. All charts and information can be obtained freely from the public internet. All analysis are based on my own personal view and years of experience. It should not be used as a decision to solicit buy/sell activity. Use all information at your own discretion and practice due diligence.
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Friday, March 5, 2021
Market Correction - Ron K Contra Off $2,200,00 Worth of Stocks
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