Friday, March 13, 2020

DBS - Why Take Profits and Run First?



The other day when the market rebounded, the STI recorded a +50 points for a 1 day gain and I thought when we bought into DBS, we should look to do intraday trading and not hold overnight since it was pretty volatile. Luckily we locked in profits and never held over night because for the next 2 nights, the Dow Jones just collapsed almost 3500 points while DBS just collapsed too. Locked in almost $2600 profits and called it a day since DBS hit a supply zone and sellers were there waiting to take profits.

http://stockmarketmindgames.blogspot.com/2020/03/dbs-why-take-profits-today.html





The Dow Jones was absolutely crazy and mad yesterday, plunging a record low and also the selling intensified. The market crashed and the Dow was -2662 points. I had never witnessed such a powerful sell down but it's history making and scary. The world looks like ending and I kept mentioning it's time to buck up your skill as soon most jobs will be lost. Whoever learnt trading from me for months to years, you all have a super skill to do trading yourself, select a good/bad stock and execute your own trade. That's a lifetime skill which will you can read market ahead and look for good profits. Click below to see all the profits we made in US market yesterday.

https://ronaldkstockmarket.blogspot.com/2020/03/trade-records-various-markets-shorting.html

Ronald K - Market Psychologist - A Stock Market Opportunist