Following on from my earlier FTSE trade of today, I also spotted a perfect entry for the Dow Jones today.. it’s a shame that I didn’t trade it as it would have been extremely profitable.. it’s nice when the markets hit a perfect resistance line and short.. however, these perfect hits are rare and look great if you have executed them in the right manner.. however, more often than not, if you saw this movement, the markets wouldn’t behave.

However, I did short the Dow for a quick scalp trade when it broke the support level at around 11112. I got in at 11099 and got out quickly at 11084… I feel very anxious generally trading the Dow Jones as it tends to be rather volatile and I usually lose more money than make it with this one. However, as I write, the market has gone lower to 11040 so I missed out on almost +50. I generally do not like to trade the Dow due to it’s rather unpredictable nature so +16 is not bad.

Tags: day trade, day trading, daytrade, dow, dow jones, scalping, shorting, shorting the dow, Spreadbetting, trading profits

After last weeks volatility in the markets I thought I would watch the markets today to see if there were any opportunities.. I have always learnt that the markets will go their way regardless of any intervention of which we saw plenty of last week. The markets were clearly heading down and for those who are bearish, perhaps this was a perfect shorting opportunity.
Anyway, I tried not to think too much about this and just watch the markets unfold and take my position from there. The markets fell sharply and I entered my short at 5276… I should have been a tad more patient and waited for a pullback before my entry… the markets did bounce shortly after my entry and I was feeling a pinch.. however, I expected this to be a temporary pullback and I was right.. the markets drifted lower and I took my profit after a sharp movement downwards to close out at 5224 for a nice 52 points.

Tags: day trading, daytrade, ftse, ftse100, make me some money, shorting, shorting the ftse, Spreadbetting, stock market trading, Trading, trading the ftse