I have met up with several of my trader friends. One recurrent question that I have heard is what is needed to double the trading account in this current market?
To me, the answer is simple. I would see the market as high. Whether if it is the top or not? I do not have a crystal ball with me nor will I ever be the one who will be able to pin point the exact top. To me, I would just concentrate on doubling my money.
What would I have done to achieve that?
To me, I would view the market as “HIGH” at this moment in time. Will it go higher? Yes, probably it may go higher but that is not my primary concern.
I have placed shorts position on the current indices “S&P 500” and will be holding it for a longer period of time. Also added Longs in the Bonds to enhance the potential profits. I am comfortable to hold shorts at this level.
What else would you have done in the market now?
I believe that you have some opinions on the current market.
Do share your thoughts and comments with us now.
Trading is not for everyone. Trading is risky and past performance is not indicative of future results.
Please seek your financial advisor for your investment and trading information.