Latest Trade (9 May 2022)

Since my last update, I have made 1 trade :

  1. 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.

Author: novaliser

I have been trading since 2012, and retired from the corporate world in Dec 2021 after accumulating enough profits to feel comfortable living without a stable monthly income.

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