Hi readers
Not much has happened since last post.
Oil has dropped away , stocks are going up and down.
So far today we went short the open on the ASX200 and covered for a nice profit.
Just waiting on the S&P to pop up a little more to the 67-68 area and will also short for a trade.
Notice how BHP is back under $24 and as stated previously should close under $23 by month end.
A number of you are asking questions which I've answered before, but for those who are first time reader will answer again.
First use the planning dates as a guide.
Use it as a filter to your own work.
If it agrees then the trade could be a true move.
Set profits targets and to be honest some are ridiculous.
Look at a 25-40 point moves on the ASX200, that's over .50-.75% return for the day.
On days that I expect a serious move I look for 1-2%.
Get the idea of a full blooded bull or bear market out of your head.
Trade what's in front of you not what might be.
With other market use same principle, work on a .50-.75% return.
If you achieve this in a month then a 5-10% return not out of the question.
Don't be one of those desperate traders looking to trade daily, a few points in the end you will get caught and get burnt badly.
Personally I only trade the astrological days that I post for all to see.
Days of no astrological significance walk away from the computer, the market will still be there tomorrow.
All other days are subject to the manipulators moving the market from side to side for there own interests.( option premium/ expiry)
The China troubles haven't finished yet by a long way, government has just flooded the market with money at the present time.
Yet still only 38% of the market is being traded.
Readers if the above is beyond you then it might be time to let others trade for you and you pay them.
Trading should not be stressful.
Not much has happened since last post.
Oil has dropped away , stocks are going up and down.
So far today we went short the open on the ASX200 and covered for a nice profit.
Just waiting on the S&P to pop up a little more to the 67-68 area and will also short for a trade.
Notice how BHP is back under $24 and as stated previously should close under $23 by month end.
A number of you are asking questions which I've answered before, but for those who are first time reader will answer again.
First use the planning dates as a guide.
Use it as a filter to your own work.
If it agrees then the trade could be a true move.
Set profits targets and to be honest some are ridiculous.
Look at a 25-40 point moves on the ASX200, that's over .50-.75% return for the day.
On days that I expect a serious move I look for 1-2%.
Get the idea of a full blooded bull or bear market out of your head.
Trade what's in front of you not what might be.
With other market use same principle, work on a .50-.75% return.
If you achieve this in a month then a 5-10% return not out of the question.
Don't be one of those desperate traders looking to trade daily, a few points in the end you will get caught and get burnt badly.
Personally I only trade the astrological days that I post for all to see.
Days of no astrological significance walk away from the computer, the market will still be there tomorrow.
All other days are subject to the manipulators moving the market from side to side for there own interests.( option premium/ expiry)
The China troubles haven't finished yet by a long way, government has just flooded the market with money at the present time.
Yet still only 38% of the market is being traded.
Readers if the above is beyond you then it might be time to let others trade for you and you pay them.
Trading should not be stressful.
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