Another drop in OCBC today and once again, my student got the job done. Shorted 20 lots at 12.67 and covered at 12.60 for some very good 30 min trade with $1480 profits. The bank stocks are very weak at the moment while the pennies are not moving much. I am pleased to see the market breaking more and further because it presented some good opportunities for shorting. Look at OCBC, in the 5 minute chart, it gap down from top and had some struggles moving higher and hence an short sell trade was executed. I am pleased to see more profits for those who learnt trading from me. Congrats! :)
On the other hand,I received more trade records from students who trade many other counters like Hi-P, CityDev and Sembmarine where he made some and lost some while some others also traded US stock like Facebook. Overall it's a good opportunity for trading during this volatile market but one must be extremely careful and alert.
Ronald K - Market Psychologist - A Stock Market Opportunist
