Archive for October, 2008
I have been trading.. or should I say, trying to trade for a long time now. My first interest was over 10 years ago in the Dot Com boom and bust... when it was going up, you could just put money in an IPO and watch it shoot to the moon. I was one of those who watched this happen and when others were making money, I thought I would get in myself and see if I could do the same. I didn't make much money but ever since, I have been intrigued and watched the markets ever since.
Fast forward to
October 15, 2008
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I can't believe it, the DOW made over 900 points in todays trading session, a gain of over 11%!! WOW, this is the biggest ever one day gain I have ever seen! Sometimes I wish I had the capital to trade these markets.. this would have been a serious payday.
The past week, we had seen the biggest drop on the US and UK (and probably other markets but I only primarily follow the UK and US markets).
I hope this stabilises the markets and that we see further upside.. however, it is possible that
October 13, 2008
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I spotted an excellent long entry and went for it, got in at 175.61 and closed it out at 177.23 for 162 points! Hoorah, that's a nice gain. I could have held it longer.. it's gone up another 20 points since but I can't prise myself off this computer when the charts are moving.
I think the market has further to go.. there was a huge reversal on the US and UK markets today after all the help with the Financials from various governments.
October 13, 2008
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