Good day readers,
We've had a rather bearish market for the first 1 hour. Hence Put Options and Short Sellers of Stocks would have had a good hunting.
Of course I have noticed this trend, although at the early stages, the bear didnt really reveal itself, with the bull even making some cameo appearance.
This caused a very murky scenario, and forecasting was made difficult. This is when Fibonacci Retracement really helps a lot in technical analysis. Total trading time was about 45 minutes. I would just like to emphasize that traders have the choice of setting up a stop loss and sell limit and go to bed. But I'd rather close all my positions before going to sleep.
Here are the results for tonight's trade:
Total net profit was US$1,279.60 or 7.1% after deducting commission
Just as a comparison with one of the "best" investment : ASB gives out 7% to 12% return PER YEAR and everyone gets so excited. But with the right kind of education, you can earn a profit in ONE DAY what ASB can only give you after ONE YEAR.
Now that's a thought ain't it?
No comments:
Post a Comment