So that just happened.
No it wasn’t that China just surpassed the United States as the largest economy in the world.
No, the best day of December just graced us with its presence.
The reason the volatility spiked is because of the overnight session where everything was crashing it seemed.
Surely that brought selling pressure over to the US markets causing a micro retracement on the daily chart and a huge run to the downside in the overnight session.
One of the things we love most about day trading and making money in the financial markets is the ability to make money when the markets go down. We make a significantly higher amount of money when the market goes down than when it rises.
This is a wonderful scenario as we are expecting another economic recession and crisis in the coming years.
What other jobs would allow you to be able to work in your boxer shorts, coffee in hand, and make money in an economic crisis?
Almost everyone in our live class this morning did exceptionally well handling the fluctuations. There won’t be a major analysis of the markets today, just our student’s charts from our live class this morning. Most of our students were able to gain double digits returns, including the almighty Superman.
18.75 Points (so far at this point in the morning) for Superman (click on any charts to maximize)
Oscar, one of our in house traders in Colombia continues to improve, 9+ points for Oscar
And it wouldn’t be correct to not show you our Managed Accounts Team open live position in Gold worth over $4,400 USD. They have a closed PnL today at $1,739.60.