Just finished my HSI trade. While my students are watching the stock market, I am playing with the Hang Seng Index because of the bigger swings and wilder movements. Just made a big short of 200 contracts at the peak of today and covered at the bottom of the 5 minute chart. What a fake breakout followed by a panic sell down in the 5 minute chart. What a good exercise for the heart as guts is something that school don't teach. Short when everyone is chasing and long when everyone is panic at the right timing is always correct!
Ronald K - Market Psychologist - The Big Speculator
