Yesterday afternoon there was a pullback in the Nasdaq. We were able to get short and lock in profit. This morning the price is continuing lower, at least for the moment, and we are still short.
Category: Index Trades
Dow Long Trade – 80 points profit – At Night
This was a nice move that pushed higher in an orderly manner on Thursday night. The price is now, (Friday Morning) just under 200 points higher than where I exited.
Dow Short Trade – 100 points in an hour
The trade was opened and shortly thereafter there was sharp selling. This allowed for a breakeven stop to be entered.
After a while I moved the stop loss lower and also had a take profit order in.
Then it was decided to move the stop loss to +100 points profit which is where the trade was closed out