Monday, August 6, 2012

Genting SP - Profits Secured

I am out of my Genting and Midas positions. I am a very short term speculator when it comes to booking profits. My most important rule is never let profits turned to losses which happened to me many times before and so I learnt my past lessons and experience. I shall be in again when it starts to show signs of another turn. I don't know when but I shall watch. Happy trading everyone.

Update 21.34PM, August 6th, 2012   

I secured my $7500 profit in the morning, or all my profits will turn into 0!! Did I have a target price? Well, I believe in reacting to market conditions than having a fixated target price in my mind which could potentially jeopardize my profits.

Ronald K - Market Psychologist - The Big Speculator