Yet again...... ok, This is some Whining bullshit, I'm up huge in the past 3 months. and I just took a loss, turned a win into a loss, which was stupid. I knew better. I saw the top and just didn't get out..... I am having a problem being nimble enough in this market. and my ability to be counter intuitive is terrible right now, for some fucking reason.
I completely blew a trade this morning as the market got jittery ahead of the housing numbers, which I knew would be "OK".... and I also anticipated things being miserable till they came out... then expected some recovery.
but as it happened I forgot about that number coming out and thought the nervous market was some larger move building, so I bailed..... at the bottom....
But... I rolled into some new trades that are already moving in the right directions.... Though I'd feel better if I was trading against the market when it was... running hard, and I was moving against it........
for some reason my good timing mojo is just not... being mojoish...... but as I type.....
I'm coming back.
My prediction, down 150 on the day.
I'm going to have to work on some of my nimbleness, and some timing...... I used to see the market much clearer than I see now.......
I also need to get back to trusting my instincts
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Monday, December 31, 2007
Counter intuative
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