Archive for August 23rd, 2012

DOW trade update – 140 points up so far….

DOW trade update - 140 points up so far....

For those who read my last post, you would have noted that I had shorted the DOW when it failed to remain above it's previous high. To me, this showed weakness in the market and a good chance to sell. I had a 140 stop on the trade and what is interesting now is that the profit on my trade now is 140 points.... if I close now, I'll have a 1% gain on my account in the bag which would be nice. I am actually holding out until around 13000 which is another 70 points away but it also depends on wh

August 23, 2012 1 Comment Full Story