Friday, December 2, 2022

Trading Dow Futures - Profited $9000 SGD

Shorted the market last evening as the Dow hit a supply zone. It was a tricky short as the market lately gained some momentum on strength and hence a quick short is more risk adverse as compared to holding it for a swing trade instead. From the 5 minute chart, there was a long bar up where a lot of retails bought on breakout to only realized they were killed on the way down. Made like $9000 and had coffee some with traders to share on how did it. As the market gained more momentum, the risk of shorting is high but one needs to be nimble so as to avoid any losses. 

Ronnard - Market Psychologist - A Stock Market Opportunist