Bright Red Bridge - by Masako Jin
A lot of readers share their thoughts and questions to me privately, I ask permission to post them here. You are of course welcome to write here! Please register to add on your own or post in the comments and I will transfer them for you.
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Joseph asked me : how’s your trading? oil has been crashing down, may i know what’s your outlook?
My reply : Oil price is driven by many factors (I listed things I consider that move it positively or negatively in my book) Anything can happen since EU is back on the radar, then US earnings which are forecasted to rise mildly, but could soften due to the banks. Its going to be see saw movement but I’ve got my eye on the support for Oil – if it breaches $ 100 could be interesting. Best bet control Risk with your position size.
Also found this article which could enlighten http://www.bloomberg.com/news/2012-04-11/oil-rises-from-eight-week-low-as-ecb-signals-spanish-aid.html
Hi! Mishyel, short-term trading typically lasts 2 days to even a few months. As opposed to day-trading, which needs you to open and close a position within the day. You can certainly use your idle time in the morning for studying, as well as executing transactions. Just be aware that you may need to execute e.g. close your trade in the afternoon when it meets either your stop loss or profit target. You don’t have to watch your trade all the time if you are trading short-term. I work too and I’m busy with the kids, I monitor the trade using my smartphone 3-4 times a day for 1 minute each time.
Hi, im reading your book and I just want to better understand what do you mean on short-term trading? I read this on chapter 2, resources, Time. Im here in the Philippines and I work at night, im interested on this trading since i have an idle time in the morning.