I decided since RIMM is up (and I have puts) and FXP is down (and I have calls), I’m not meant to trade today. The only difference is that today I decided to change my trading rule. This new rule will have either dreadful consequences, or get me past rash decision making.
Sometimes people chart things to look clever. I’ve done that. Sometimes charts are suppose to be some sort of indicator of the future, sometimes they just are impressive in their matching.
I lose confidence so quickly, I should enter a lost-confidence race or something. It is really something I need to work on. I’m selling my winners instead of letting them run, like I’m letting the losers run. Yes, I am a retard.
I’m sure that you have noticed I haven’t been making any trades. I’m just holding on the losers that I’ve chosen. Actually, I’m ahead of the stockmarket game entirely and waiting for my positions to turn into profit (though some are going the wrong flippin’ way).
I was stopped out on my Forex GBP/USD trade. The good news is that I didn’t lose more than $37, the bad news is that if I had a wider stop I would have eventually gone to a near breakeven point, but as of this writing the trade still wouldn’t have been positive. At least the market will be red today.
Though there wasn’t any fantastical about today, I did get a chance to see RIMM dropping on a couple occasions and even AAPL showed up on the dropping list. Market movers is pretty entertaining for me to watch.
Ya, another slow day regarding trading for me. One would think that with the puts I’m holding I would be more excited about the DJI dropping over 200 points, the NASD down over 42 points. Guess I’m hard to please.
That’s just my early, early prediction. I mean, there’s about an hour before the trading day starts as I write this, but my prediction is the market will be negative today. That probably means I should short the YM, but I’m not too sure it’s a smart idea, yet.
The CFO of BIDU died, proving Christmas isn’t always a happy time of year for everyone. Today is the last day of the year. I would look up what history shows the market’s direction for the last day of the year, but I would rather just watch and enjoy.
