1
/
of
1
store-traders-com
Stocks & Commodities V. 23:2 (122, 108): At The Close by Jayanthi Gopalakrishnan
Stocks & Commodities V. 23:2 (122, 108): At The Close by Jayanthi Gopalakrishnan
Regular price
$2.95 USD
Regular price
Sale price
$2.95 USD
Quantity
Couldn't load pickup availability
Stocks & Commodities V. 23:2 (122, 108): At The Close by Jayanthi Gopalakrishnan
Its been a rather slow month when it comes to trading (I am writing this in December 2004). Perhaps its because my attention hasnt been so focused on the markets, or perhaps its just that I wasnt able to find any attractive opportunities, which may be an indication that I should fine-tune my strategies. Perhaps waiting for the 11:00 am (PT) action isnt working anymore. I did make one trade that I would like to share with you. It happened on December 7, and Ill have to admit that I broke the rules on this trade. The Standard & Poors 500 index was well above its 50-day moving average (Figure 1), so, strictly speaking, I should have only gone long, based on my basic trading rules. But I saw an opportunity arising, and perhaps my confidence led me to open a short position, even though it was contrary to what I should have done.
Its been a rather slow month when it comes to trading (I am writing this in December 2004). Perhaps its because my attention hasnt been so focused on the markets, or perhaps its just that I wasnt able to find any attractive opportunities, which may be an indication that I should fine-tune my strategies. Perhaps waiting for the 11:00 am (PT) action isnt working anymore. I did make one trade that I would like to share with you. It happened on December 7, and Ill have to admit that I broke the rules on this trade. The Standard & Poors 500 index was well above its 50-day moving average (Figure 1), so, strictly speaking, I should have only gone long, based on my basic trading rules. But I saw an opportunity arising, and perhaps my confidence led me to open a short position, even though it was contrary to what I should have done.
Share
