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
Archive for October 13th, 2008
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.
Last week the markets were in turmoil... however, there was plenty of opportunity for those who like to play the markets.. unfortunately, it was a horrible week for me.. I got excited by the markets but frustrated to see that I had missed most of the action when I got home and ended up paying with my account. Luckily, my account isn't large and any losses are generally covered by the sponsorship I make on the blog.. However, I got back into it and last night put on a long on the GBPUSD. It wa