Friday, August 16, 2013
Trading Tips for the Day - 16 August 2013
FKLI opened lower as Dow Jones had a sharp drop of more than 200 points. For the first trade today, one can attempt to Short 2-4 points above the opening price, try get 5-7 points profit and put a stop 5 points away. Close your position by the end of the day.
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Hi. Just stumbled upon your blog. Have recently traded fkli. not gaining for the past few trades. Thanks for creating this blog for ppl like me who needs them
ReplyDeleteHi there Ang, thank you for dropping by my blog. FKLI these few days are not very active and the daily swings are not big enough to make profitable trades often. At times like this I usually trade more CPO as it always have much bigger range, can get in and out quick for small profits. However CPO can get very fast so you have to watch it after putting a position.
ReplyDeletePlease dont hesitate to drop me a msg at 0138882887 if you have any inquiries, will be glad to help. Good luck in your trades :)
Hi Jason. Thanks for the kind accommodation to my enquiries. May I know how do you make decisions on when to long / short the index please? eg What data to look for or news to look out? Need more guidance here as I'm at a loss of catching the market.
ReplyDeleteNo problem at all. Normally i look at d CI 30 stocks' movements, n also the region like Hang Seng n later European markets. I also watch for any local developments that strongly impacts the market, but those usually come out very early in the morning
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