Thursday, December 6, 2007

Some recaps

04/12/07: +27
05/12/07: -31
06/12/07: +32

Feeling quite nice these days. As long as I am learning, I am good.

Anyway, today is an up up day. Market is moving up with no much pull backs. Anyway, I think sgomez858 ’s statement about trading the market first then the stock totally make sense, and does prevent one from engaging in risky and meaningless trade. In an obvious uptrend market like this, going short without knowing what you going into, is definitely suicidal.

I am looking into few unsuccessful trades today and found that if I had taken the time to look at each stock’s chart, I won’t be making such trade or at least be more cautious, and therefore won’t be having such losers. Even though charts are secondary to my strategy, it does have some importance.

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