WEDNESDAY RECAP & THURSDAY TRADE PLAN
THURSDAY 4TH OCTOBER 2023
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DAY 3 RECAP
Day Profit - $5.92
October Profit - $752.99
Capital - $5752.99
Starting Capital - $5,000
ROI - 14.9%
Wednesday 3rd October 2023
ASX Change: -53pts
Day Futures Change: -20pts
Overnight Futures Change: 31pts
S&P Move: 23pts
AUSTRALIA 200
Placed Short just before open with 11pts stop. Didn’t adjust stop to specific open price and stopped out, despite market only moving 9pts higher. Realised mistake and re-entered. $400+ profit turned into $80 profit.
UK100
Only way was up following two previous falls. Long from open. Quick 40pts.
SPX500
Market will usually move in one direction then move violently in the other following a large fall and day futures move down. Unfortunately don’t have my usual automation tools set on this account so just had to assume would move significantly higher into open before falling. Set sell orders above market before beauty sleep. Move was actually very muted and chopped higher. Stopped out in last hour of trade. 4th largest rally back under those conditions in data set.
AUS 200 CASH MORNING OUTLOOK
HISTORICAL PARAMETERS
TRADING PLAN (Pending Open Gap / Pre-Market moves)
Upside should again be limited today. 10:45am high probably the LIS for any further major moves down. Accumulate shorts on any strength.
Cheers
Marto