And my trading…
I also make a couple of trades on the Dow for a total of +17. The first trade was a short from 11642 and I took profit at 11634. The second trade was a long 11636 and I closed out at 11645.
Posts Tagged spreadbet
Nothing much on the Dow Jones – made a scratch trade however
I shorted the market at 11502 and for a while it was doing ok, it went down and was 15 points up at one stage. Judging by how much I dislike this trading instrument (I really need to ween myself off it) I was keen to move the stop to breakeven as soon as I could as the market moved my direction. Anyway, the Dow being the Dow took out my stop which was 11502 for a scratch trade! I think the market is heading lower though... [caption id="attachment_556" align="alignnone" width="330" caption=
Tricked into a short by the Dow Jones
I went short on the break of the support line today at 11430. I was so sure that we would see a huge move that I went in 3x normal size. The market moved 10 points my way and then reversed tricking myself (and I'm sure a lot of other shorters), taking me out at 11455 for the equivalent of -25 x 3 = -75! Ouch! The moral of the story is to always bet the same size for each trade.. afterall, you just never know what will happen as we see today. The markets are notorious for doing this sort of th
