Received a message earlier from my student who loves intraday and short term trading. I taught him a powerful skill and he used it to his advantage today on the Dow futures and DBS. The market is crappy today with so much sellers but at the critical turning point near bottom, he managed to long Dow and DBS near bottom at confidence because of the quality of supply depleting and hang on the trades for the next 2 hours.
2 hours passed and he locked in profits for some $800+ within intraday. I think to do short term trading, one needs to be focus and watch out for turning signals before taking a position. In this case, I saw a steep sell down in DBS earlier and in the dow, it had formed a base before turning up. Congrats once again for your independence to take a trade confidently and trusting the process on the up turn. :)
Ronald K - Market Psychologist - A Stock Market Opportunist
