Wednesday, April 4, 2018

DBS - Cut Small Losses

The market as usual is extremely volatile and just when I thought the Dow Jones closed strong with +389 points which would allow the Singapore market and the banks to run further, the market sold down heavily otherwise. The 25 lots of DBS that went long yesterday suddenly turned from profits into losses. The sold down was so quick that there was virtually no time for reaction and actions. Longed DBS yesterday with 25 lots and cut loss today. It was profits first in the morning but turned losses in the end. It tells you that even though the market was strong last evening, the Singapore market is reacting in a different direction. Moving on.

Updated: 4/4/2018, 5:48pm

DBS tanked further. Luckily cut loss or else it would be snowballed to a heavier loss. phew...

Ronald K - Market Psychologist - A Stock Market Opportunist