Check out my precision trading on Singapore and USA Stocks. I focused heavily on timing, NOT price action, NOT traditional TA or the usual Fundamental Analysis. Hence my accuracy and hit rate is exceptionally high. Over the years, I discovered that timing can be captured from the charts where I had mastered the art of perfect timing. Follow my blog, my journey towards effortless trading and perfect execution.
Saturday, 18 April 2020
Dow Jones - Trading The Good News by Shorting It
Last evening was another great night making $$ in the Dow Jones. The news was good and the Dow gap up strongly. Many retails were chasing on the good news while soon, the sellers came in to kill the market. There was a breakdown and I was shorting on the rebound where it was weak. I scalped a few times until I saw the clearest signal and shorted 40 contracts while the Dow Jones broke down another 2 bars. The key was to sell on rising price and not short on declining prices. Overall, I made some good handsome profits for the weekend but it was the LIVE execution that forced your reaction time to be quick. Soon the Dow Jones touched the floor where I covered my shorts and called it a day. The Dow Jones then rebounded where I was already asleep but profits were made earlier. It was another good day and I want to continue this forever.
Ron K - A Game Changer