Well, I can't say how eternaly frustrated I am with the market.....
I'm trying to get over it too....
All I can do, is what I can do, I guess.
I just feel out of sync with the market..... and it's miserable....
I feel like this market is so, damn short that it could explode to the upside.
everything is saying this market could go either way....
Way too many people talking about the 10,000 level.
Way too many people talking about the vix.
I've been burned so many time sticking my dick into the market beyond a day trade... or not burned but Nulled out on the trades.
I feel like I have the Shanks, or the Yips.....
I don't want to blog about it either.... I don't think it's helping....
I just can't filter out the noise right now.
Tuesday, July 1, 2008
Frustrated
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3 comments:
hey, don't be like that, for me i am frustrated how the market react as well right now, like today, most would predict Dow will result a further sell off while it closed with positive territory,for me in this high VXO environment, i would just keep a smaller bet in stock, that is a smaller portfolio and have more patience. When i am un-sure about board market direction, don't trade and take a day off in stock. This is what i do right now.
I am not sure the above sharing will help but just want you not so frustrated...
:)
Melissa
I'm getting it back together... I just have a huge vision(delusion) of how well I can catch every move.
I've expected a small bounce for 2 weeks
Tomorrow I'm going to "Look" for a huge relief rally.
The market action is a very oversold market that needs a good bounce before it will be able to go lower.
I'm hoping for an early sell off, that will turn into a reversal. And we will have 2 more up days. I think regardless of the data this market will want to go up.
The Auto Data was AWEFULL TODAY, I saw it go across the tape. Universally they were down 20%, Everything, High end cars, economical cars...
GM just wasn't as bad as expected..but they are trying to give away cars for free, but that isn't going to help their bottom line.
The next thing to take a beating will be retail sales.
I'm a little worried they will just run all day, or we will get a sucker rally to the upside.
I'm just tired of this same old trade that has gone on for 2 months.
I want us to sell off or bounce... This neutral stuff is giving me a tumor.
This tape is tough to figure. I closed out my SDS last Friday and thought I'd have a chance to buy it back Monday-- no such luck.
The auto news today was godawful, so bad I think the only trade is to factor in another rate cut. Will the fed gov't really let GM go under? Look at their senior notes, (symbol: GMS) yielding 14%!! That's junk.
I'm back looking at GLD and SLV because I see no other safe haven right now. As you have told me, Eric, small trades... risk management...
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