Today's market was relatively harder to predict. Its true coat was only realised after half and hour or so. And today, it shows the thick leathery hyde of a bull. Having said that there were some profitable puts.
As usual all guide books can be thrown out the window because today, there was no clear cut winners or losers. This is probably due to lots of short term profiteers (as yours truly) who just want to make a quick buck. Now it is a general rule that, most profit takers situation only happens on Fridays. But today is the 1st day of trading for the week and already there are signs of profit taking at the early hours of trading.
The lost I've made today also underscores the difficulty of which it is to trade today. Despite that, I've managed to recover the loss and subsequently make a rather handsome profit.
Total Profit for today was US$2,089.83 or 6.2% after deducting all commissions and losses.
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