Tuesday, March 5, 2013

STI - Gap Up




While I posted in the forum at 8.48am that STI would gap up, it indeed came true. So is it a shorting game or longing game now? My answer is the market is very volatile, day trade is the best bet and one needs to time the market accurately to reduce any possible damage. This period reminds me of the August period in 2011 where it was so volatile that I would need to day trade instead of swing. There were many gaps in that process and if one wrong move, funds would be depleted. So the best now is to stay out and go enjoy.

Ronald K - Market Psychologist - The Big Speculator