Ihadabaddayyesterday.IexperiencedthefirstbiglossdayinmyaccountsinceJuly.Atwork,Ijustfelttiredofmycurrentjob.Somehow,Iwokeupat5:00thismorningandcouldnotfallbacktosleepagain.Iwaswonderingwhatwaswrongformytrading.YesterdayDIAgappeduptoaalltimehighattheopen.IhavebeenpayingmuchattentiontoDJIA,becausesomepaperssaywejustneedfocusonSPXandNAZ.Buyingthegapupatthealltimehigh,whatafoolishaction!
Startingf...[
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Igotburnedtoday.ThisisthefirsttimesinceJulythatIgotbighurt.Iamnotfeelinggood.ButthatispartofthegameandIhavenochoice.Ihavetoacceptitandhavetolearnfromit.Ienteredinthemorning,accordingtotherule.Iwassoconfidentaboutmymethodthatdoubledmyshares,afterthemarketstartedtofallalongtheafternoonThedoubledsharescaneasilycontrolmyemotion.So,sticktothefixedshare.Buyingatanyindexnewhighisdangerous.ThismorningDJIA...[
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1.Myrunninghistory:IjustlovedtorunwhenIwasincollege.Aftergraduated,Ikeptrunningnowandthen.ThishabitwastotallystoppedafterIenteredagraduateschoolinChina.Then,IwenttoaUSschool.ItwasafterIfoundmyfirstjobthatIresumedmyrunninghobby.Sincethen,Ihavebeenrunningforyears.2.LunchBreak:Everyonehasonehourforlunchbreakatmyworkingcompany.Inourlabfacility,thereisalooptrackforvehicletesting,Iwastoldthatthedistance...[
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ThestockmarketwasclosedforthefuneralofPresidentGeraldR.Ford.
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Forthelastfourdaysbeforeyear2006ending,themarketdidrallyalittlebit,withDIAmakingnewhighagain.IwentoutontheFriday’smorning.Sothistime,myruleworkedagain.2006tradingdayshavebeenover,themarkethasgainabout14%andtheyear2006isanexcellentyearformyself,becausefinallyIhaveestablishedasetofmyowntradingrules.
IsetuptheserulesinJuly2006,andsincethenthemarkethasbeengoingupandmyaccounthasbeengoinguptoowitht...[
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LastFridaywasanimportantdayforme.
.Iwasveryconfidentbasedonthepreviousexperience.
Themarketdidrallybeforelunch,butbegantomeltdownafterlunchandthemarkettouchedthepreviouslow.
Evenbythistime,wasstillshowingrelativestrength.SPYhadbrokendownthepreviouslowwhiletheywerestillholdingthere.
Everythingwasstillallrightsofar.By3:00clockIwasoffduetotheholiday.AndIthoughtthemarketshoulddonothing...[
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Isoldoutthismorning,thatshouldbeagain.ButIwascontrolledbymyemotionlatersoon,soitturnedtobeasmalllossinthemorning.Themarketstartedtomeltdownduringthelunchtime.By2:00,thexxxandxxxshowdivergenceandxxxwasreadytoreversebacktothesupportinglevel.SoIenteredbythattime.Qsandxxxreversedbacktothetradingrange,SMHsitrightat33.50.DIAisstillthemajortroublemakerforthemarkettogohigher.Alsoconsiderthefactthatthereon...[
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Themarketcontinuesthereboundmoodinthemorningandformedareversalbartodayforalotofguys.ThebadthingforthemarketisthatDIAmadeanewhighagaintoday.ThiswouldputoncautiousmoodandIamthinkingtobeoutofSPYtomorrow.[
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Themarketgappeddownattheopen.SinceSPYhasbeendownforlasttwodays,thegapdownattheopenshouldbegoodchanceforLONG.Onethingwasthatxxxhasjustkissedtheir50-MAline.Alsotherewasareversalbarrightat9:45almostforeveryone.ButImissedthischancebyjustfocusingonxxx.xxxwasjustweak..MymethodbywatchthesetwoguyshasnotbeworkingsinceDecember.Ienteredbywatchingxxxreversebackto240level.Ifxxxisdeadthenweneedxxxtobealive.Butt...[
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SincecomingbackfromChina,Ihavenotwrittenmymarketdailyforawhile.
Ijustfoundthiswebsiteanditwillbefuntopostmytradingthoughtshere.
OnlastThursday,SPYbrokeouttheseveraldaystradingrangeandthiswasaseveralyearshigh.Themarketsurelookedverybullish.ThemarketactionfromFridayandtodaydoesgiveusasolidproofthatIshouldNEVERbuyanynewhighs.SPYhasbeendownfortwodaysandhasbrokendowntheirrecentsupportlevel.hasb...[
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