Well, the DOW turning point I was expecting to see didn't happen and the market momentary moved lower before it powered back up taking me out for 1% loss on the account. That's the nature of trading, you win and you lose.. you just need to ensure that you win more than you lose! Hope next week brings some good opportunities!
Stalking the DOW again today.. I am primarily looking for quick profits. I was going to write quick and easy but trading isn't all that easy. However, if you can sense where the momentum is, you can get behind it and ride it a few points. I'm happy to grab a few points where I can and get out as soon as I sense that momentum has run out. I just don't trust the Dow, any sign of uncertainty... GET OUT!!! I put an order to get in at 10320 today and it hit. I was aware of overhead resistance at 1
So, I'm back again on the DOW to see if I can get some more profits from it.. I grabbed a few profits yesterday and thought I'd give it a go today. In the past, I have found that the DOW is extremely volatile and difficult to trade. However, if I can try and trade it only when there is a break of some sort and ride it as far as until it looks like it's hit something. So today, I was waiting for a break of 10400 which it did. I went short and for a few minutes it went above my entry point..
