Prediction based trade 24: US market may 2,2008

Dow up 48 points after 75 minutes  into trade &  Nasdaq down almost 3 points  

 

Buy min dow ($5) 1 lots . Buy another lot of mini dow if dow falls 30 points in next one hour likely to become profitable by afternoon. wait for further update. protect profits using trailing stop loss

 

 

 

Disclaimer: all risk to be borne by trader

 

 

Note: Profit from yesterday’s US trade was between US$670-700. With use of trailing stop loss it would have been in excess of US$1500 on purchase of one mini dow and one mini Nasdaq futures since market continued to move up for most of the day