For a trader, winning is extremly dangerous if you haven't learned how to monitor and control yourself.

The Secret Recipe: Trading Success = Winning Trading System - U


Thursday, February 19, 2009

Look at it the market way

Just a bit update here as my last post before bed. Now it's US market lunch break time, dow up lightly at 39 points. Showing some bullishness.

As we should know, market never be a straight line down or up, last night(oops should be one day before) when dow down nearly 300 point, many of us would think it should be very good opportunity to short it, however to our disappointment, local market keep quiet in the morning( some already started to move up slightly as my shorts are negative profit)instead of jump off the cliff.

So what's it all about? I'm surely got smart money out there who get the info much faster than us, in fact local market direction before 5pm already anticipating the following US mkt.

We must respect othose support/resistance level, grab profit when it comes. So next i'll look for those stocks rebounding to their resistance.

No comments: