Agreed. I used to trade that way and losing heaps just because I'm trying to reach that extra $$$ to reach my goal. Imagine trying to earn an extra $100 and lose $500 cos you're pushing it. Not very smart at all.
I think the markets oversold and therefore a trend higher is always a possibility. The strength of today's move up is also encouraging for those waiting for a recovery however it may be a move lower tomorrow at some point as the market retraces before making another push up.
I don't think so, there is some strength in HSI due to the massively govt intervention atm (stimulus and rate cuts). But the job figures in US tonite should be affecting hsi on monday.
I was long HSI at 11800 and close the trade at 12100 :-(, It hink its 12800 now. I too was looking for the reason behind the huge jump.
Perhaps BOJ's decision to pump money to the banks generate this rally.
CMC market's the worse, you get requoted often and they are just dodgy.
Sometimes I don't know how the prices could deviate from the real/futures market a lot especially with Indexes.