Athena Trader

With the recent market volatility, ACCICB who trades the Chinese market told me that he missed buying a stock by a cent which went up 7% the next day. It was a clear morning star reversal pattern and in the last minute the prices just went sky high. This is the tough part when you don't have live prices on screen...at least that's how it affects me for another market.  Both of us concur that it was a clear buy and it was one of the few bright spots in the otherwise sea of red in the Chinese market. This just goes to show how difficult it can be to trade in such a market when you were never ever a pro before so it's like going against the odds which can be mightily satisfying when you do get it right. Provided that you still have the stomach to continue without going bonkers and without losing all your capital.  I do see a lot of worm holes forming over the past few weeks in the charts. Worm holes which was a term coined by ACCICB are basically stocks that are tradi...

I remembered the first time I shorted a stock. That was two months into my full time trading journey and funnily it was done out of frustration of not knowing how to short when I'm seeing red everywhere. I searched online for a while but it seems nobody was telling me how to go about shorting a stock so I just had to do it for myself.  I thought that ACCICB would be the first to short and then I can learn from him how to do it properly but it seems this time I was the garang one as I took a loss on the long position and shorted it instead since I can't hold both short and long positions in IB. The trade ended well and I took a small profit.  My only mistake was that when I closed my short position, I should have long the stock again as it went up. But being a first timer and not knowing what buttons to press to close the short position, I was fumbling but happy that it ended well. That was the start of my shorting career and it seems to sit well on me since gravit...