Wow, what a flash crash, just logged on at 10Pm and the Dow tanked 100 points in 1 minute.
Caught a long at the bottom, with gauranteed stop, important in these volatile markets. Extra 3 points on the spread but worth it.
1 - long Dow 12424, stop 12389, + 3 points for gauranteed stop. No target, will run overnight.
2 - sold out for 4 points, £4 profit, not d1cking around here as Moodys have threatened to downgrade US credit rating. This could be nasty.
3 - long Ftse 5857. Base stake * 0.4. Target 6010. Medium term hold.
4 - added more, base stake * 0.4 at 5851. Average now 5854, base stake * 0.8. May take half off the table later in the afternoon and leave the other half to run through Friday.
5 - half taken at 5873 for £33 profit. Other half still running.
May look to buy into Dow if there is a pullback this afternoon.
1 - closed the FTSE other half at 5879 for £50 profit. £83 total, pleased with that. Bernanke is holding a news conference at 3PM, not willing to hold these longs as expecting more volatility. May look to buy on any dips again.
2 - intererting, looking toppy and heavy, shorted base stake * 0.4 at 5878.
3 - stop loss at beak even now, risky trade with Helicopter Ben speaking.
4 - adjusted stop loss to 5862, locking in £32 profit.
Markets looking very weak, you have to wonder what is keeping them up now. Extremely volatile as well, could be a sign a major top is in. Be careful.
5 - adjusted stop loss to 5822, locking in £112 profit.
6 - stop hit for £112 profit.
That's enough today, read the markets really well and been nimble from bull to bear as required.
Closing out now. Profit today (including the loss on Yell long) = £196
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