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正文
交易是综合艺术
Trading is a comprehensive package.
For example, I didn't do any trade from the end of Jan 2012 to the end of Jul 2012. Part of the reason is that I was in China and wasn't able to follow the market closely. But this is not the main reason. The real reason is that I was not confident enough to make trades based on my reading at the market.
From early Feb to late April, my reading at the market was wrong. But I had no cost because I didn't trade since I knew that it was not confident enough. From the end of April and early May, I was confident enough to short the market but I didn't find good targets, so didn't do anything either although the market reading was perfect.
On August 2nd, I bought QIHU at around 45th minute when it broke down $14 and quickly came back $14.50 at which price I entered. A few days later, I sold half at $17 and still held the half position. Today, sold off QIHU $24.
If we can make three such trades per year, it's more than good enough.
Trading is a comprehensive package.
For example, I didn't do any trade from the end of Jan 2012 to the end of Jul 2012. Part of the reason is that I was in China and wasn't able to follow the market closely. But this is not the main reason. The real reason is that I was not confident enough to make trades based on my reading at the market.
From early Feb to late April, my reading at the market was wrong. But I had no cost because I didn't trade since I knew that it was not confident enough. From the end of April and early May, I was confident enough to short the market but I didn't find good targets, so didn't do anything either although the market reading was perfect.
On August 2nd, I bought QIHU at around 45th minute when it broke down $14 and quickly came back $14.50 at which price I entered. A few days later, I sold half at $17 and still held the half position. Today, sold off QIHU $24.
If we can make three such trades per year, it's more than good enough.
QIHU is ranged between 14 to 26. the entry at 14 was nice move. out at 24 is also make sense.