Don't look back, counsels Heffner. If a stock goes up by a dollar, you cut out. If you wait for it to rise another dollar, you could lose big. You have to look ahead, be unemotional and think about the next trade. If in 10 trades, I make money on just four, I'm happy.
Trading is light all day, but even more so when New York breaks for lunch.
It picks up a little after 2 a.m. Hong Kong time. As the trading day ends, the market starts to tank. The Dow Jones index reverses a 136-point gain. Leong shorts Microsoft. Heffner tries Amazon again, thinking the falling stock will recover before the close.