Daytrading Aug 7 Morning

Morning all. Thanks HLL and the team.

Gee, market has been going gangbusters for months and in a couple of slow days the peanut gallery is complaining about tough conditions. Global forces are certainly not what you want at new market highs. Profits are evaporating all round and heavy losses mounting for the late comers. As I said the other day. Very hard to do the right thing under pressure. You need to take action early while you remain calm.

Compare the drama to say selling TON at 85c and buying back at $1.05 to the actual circumstance of SP dropping to current levels. Pretty obvious but hard to sell now.

Gold and commodities moving up. Gold has lost its lustre and might not fire up. Needs to get way higher over $1400 b4 it gets traction.

I'm behind schedule here.

Check open orders

Take profits and losses

Happy trades