Since my last update, I have made 1 trade :
- Short Rio Tinto (Australia), position size $700k, profit $1.8k, intraday (~ 37min)
Below is the screenshot of the trade. Note that the actual realized $1.8k profit instead of the $2.6k shown below is due to fluctuations in price during position clearing, and also for transaction costs.
Markets are rather oversold in my opinion. The probability of a short-covering bounce is increasing, as markets are still going down today. Dow futures are now about negative 300+ points. Once a bounce happens, it would be easier to short bigger positions and for longer durations.