Dear Friend,

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. :-)

ShortsPosition

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.

 

Cheers,
Dave

 

Note:
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.