Friday, March 16, 2012

STI - Patience

Yesterday, I was all shorts and lucky enough to escape unscathed. Again, it was a very tricky situation. Today I shall just watch and be patient. The big money is not made by trading everyday but by riding the big wave. I am trying to achieve that, however by looking at the prices of various stocks, I really can't see why I should long, or maybe I should change my perspective?

Update 12.22AM, March 17, 2012 

Like what I posted in the morning, I can't see a reason to go long. The market trapped a bunch of "bullish" traders and went spiral down.

Ronald K - Market Psychologist - The Big Speculator