With the DOW dropping over 700 points I knew the carnage would be felt today. Big loses were felt in AMP WBC TOL BLD all being stopped out while WOW made a little gain as I sold it out of the big slide in the Dow.
Could have gone either way though if they had pased the bill to bail out the banks and could have seen a different senario. But thats trading.
What I did notice over the last week when Short Selling was banned for a month , was it really did limit the system ,missing out on 2 possible winning trades. Even though they would have been at target point before todays selloff it would have made the figures look a bit healthier.
I will really have to consider my actions while this ban is on to whether it is viable to only Long Trade the system especially in a bear market because it has limited the earnings potential. The system has never neen tested in this enviroment but then again, a trader needs to be flexible to rise above the challenge.
Looking at the positive side though with the biggest losses in wall street in decades and our market sliding into a Bear Market the system is still trading in a profit. so we must keep trading away.
Sydney Pro Traders Legit???
-
* Legit or not legit that is the question....*
https://www.meetup.com/Sydney-Pro-Traders-Learn-to-Trade-the-Markets/...
7 years ago
No comments:
Post a Comment