Yesterday I was cautious of the market as I knew it will trend higher, however due to my itchy hands as I can't resist any market action, I went in to short. I paid the price of going against my conviction. I knew I might get slaughtered but I still like the process and experience of losing because it alerts me and teaches me a lesson.
Today is just a tricky day, it might trend higher/lower or in a range. Whatever it is, I will decide my course of action as the market develops.
Ronald K - Market Psychologist - The Big Speculator
