Thursday, July 23, 2009
this is how I feel, all the mistakes and their cousins follow
I have been kicking myself for missing this earning bull run since since S&P retraced 33% from the correction starting 6/12 to 7/10
By that time I was already all in cash for swing trades, looking for the a pull back for a bearish entry initially, but then looking for a pull back and a bounce for a bullish entry.
As I could not make up my mind, I start going through the bloggershperes. Reading all the opinions; some bulls, many bears. And I went back to draw trend lines and heavy duty technical analysis. This does not help, it does not help my confidence nor allow me to think clearly.
So I have been sitting on my hands, not making any trades. It gets to me when I see the equities that I got stopped out, rebound and make a huge run. Here is the tough part, I decided not to chase the trades, and the trades took off.
My wining streaks were very simple, get it with the broader market and stick with the relatively strong stocks. Don't need too much of price level, and trend line. Certainly don't need other people's opinions.
shorts:
longs:
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