Hindsight is 20/20. And I can see now that the Dow didn't drop to meet the transports. The transports soared to keep pace with the Dow. You saw there would be a move ... but you got its direction completely wrong. A smarter move would have been to hedge a transport rise against a Dow loss. Then when the Dow didn't drop as you thought, you made your money on the transport's recovery. If you'd had been right and the Dow dropped, you'd have made money on that Dow drop instead. Videos on how to hedge an opportunity are far more insightful than placing your money on red or black and waiting for the wheel to stop.
Precise & to the point - thanks
Is there any history to confirm?
is it possible due to goods are more customized nowadays? and does non physical product count?
Hindsight is 20/20. And I can see now that the Dow didn't drop to meet the transports. The transports soared to keep pace with the Dow. You saw there would be a move ... but you got its direction completely wrong. A smarter move would have been to hedge a transport rise against a Dow loss. Then when the Dow didn't drop as you thought, you made your money on the transport's recovery. If you'd had been right and the Dow dropped, you'd have made money on that Dow drop instead. Videos on how to hedge an opportunity are far more insightful than placing your money on red or black and waiting for the wheel to stop.