My greatest experience from last 2.5 months rally was missing out a big chunk of rally in March. I was extremely bearish for the whole 2008 and expected it to continue or at least the market will flatten before a base was formed.
But the surged in March put me in denial because I still thought, the bears were in control.
The missing out certainly put me in despair. Being a trader, I was not supposed to think or having opinion of the market but rather see what market currently tells me and act accordingly. It took me a couple of weeks of self reflection before tuning myself back to the market and act according to market actions.
The moment I’m in tune to the market, I’ve found myself at ease and the profit just flows in naturally. The past 2.5 months have been great lesson for my trading career as I do what I see and no more doing what I think.
I got out of my long position last week as the market told me that my buying signals were giving me failure. Now I’m waiting for short signals to arrive before pulling my trigger.
-June 19, 2009
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