Catching BHP falling knife again has proven to be the best move I have done so far the past several weeks and it looks that some of us managed to buy in at the bottom.
I like to say it again it has nothing to do with luck or clever, it is just willingness to take more risk to push the limits just like formula 1 drivers.
Now the rally looks like lasting a little longer and the big profit may come much sooner than anticipated, I have to say I have not used chart at all in this trade and usually I do, but as always chart cant tell you in advance what is going to happen with US, Europe central banks or Chinese and those events once more prove to be the catalysts market is looking for.
Now to make the most of this move is a different ball game again, no one knows how far BHP will rise now....but potential for a kill has become much closer.
Some would feel that they have closed out their positions too soon, well it is what it is and profit no matter how small is still a profit and we traders have to take full responsibility of our decision and be happy with it. Some short will get killed big time but some will increase their position on monday.......I know which side of the coin I would rather be in.
Once more a huge opportunity was available on BHP to those who were willing to take risk and the reward is well earned
The problems are still here but SENTIMENT is definitely positive!! and we the longs have to make the best of it as nothing lasts.
Cheers,
BHP Price at posting:
$31.42 Sentiment: ST Buy Disclosure: Held
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