Thursday, March 01, 2007

Roller-Coaster Trading Actions

It was a scary first 20 minutes or so for the DJIA as it started trading on Thursday -- gap down opening and making new low! At one point, it was about 200 points below the close of the previous trading day. Many were thinking short at that instance, but I went long! It's been a while I had not traded within such a sharp volatility. And it was fun! The DJIA ended the day with 33.88 points (0.28%) down closing @ 12234.75.



4 comments:

byenc said...

Can I learn?
What is long, what is short?

Boon said...

Long means you are betting the trend to go up. Short means otherwise.

von said...

Boon, you are really a good TA.
How can u make the sharp return?
I now believe TA can turn trader to be rich.

U make another profit +- 150 point in future DJIA :)
'well done !

Perhaps u can try to set-up a fund whereby have capital protected and a target of 100% return FOR YOU is not a problem.

I am sure many of us / investor are willing to send the money/ capital to your house. Hence, you help us manage our investment :)

Boon said...

Many thanks for your kind words von!

Best wishes
Boon