Holdings @ 07/08/2007
Sorry was not able to update yesterday as I was busy. Anyway, I have cut my long positions on market open yesterday. No regrets even if the market rebounded today as we DO NOT know that the market will rebound today.
What IF the Dow dropped another 300 points? Then you will be devastated and would not be able to sleep for the whole night!
The question of the Big IF. What IF this and what IF that. In this realistic world, there is no IF. Either you do it or you don't!
When you cut your losses, your loss is realized and you preserve your capital so you will be able to come back and fight another day. The greatest enemy is YOURSELF. You are worried that IF you sell now, it will rebound.
Like the Chinese saying, IF there is IF, there will not be any beggars. :)
Opened Positions
Closed Positions + P&L
ChinaAngel sold 40 lots @ 0.675 -$800
Lian Beng cover Shorted 40 lots @ 0.44 +$2400
Lian Beng sold 40 lots @ 0.425 -$1400
Penguin 40 lots @ 0.245 -$600
What IF the Dow dropped another 300 points? Then you will be devastated and would not be able to sleep for the whole night!
The question of the Big IF. What IF this and what IF that. In this realistic world, there is no IF. Either you do it or you don't!
When you cut your losses, your loss is realized and you preserve your capital so you will be able to come back and fight another day. The greatest enemy is YOURSELF. You are worried that IF you sell now, it will rebound.
Like the Chinese saying, IF there is IF, there will not be any beggars. :)
Opened Positions
Closed Positions + P&L
ChinaAngel sold 40 lots @ 0.675 -$800
Lian Beng cover Shorted 40 lots @ 0.44 +$2400
Lian Beng sold 40 lots @ 0.425 -$1400
Penguin 40 lots @ 0.245 -$600
posted by Learn2win at
11:08 am
2 Comments:
Hi buddy,
Just to let you know that the market trend has reversed starting with the DOW follow thro' rally on Monday night.
I am a student of the CANSLIM model and learn to read market trends by subscribing to Investors Business Daily.
At the moment of market reversals, most ppe. would not believe it cos' they were burnt so badly. That is the reason why most ppe. cannot make money consistently in the market.
I have already jumped into the market yet again. Wish me luck.
Regards,
Millionairemind
Hi bud,
Same sentiment. Most of the shares are so badly beaten then it is so attractive.
Good Luck to you.
Learn2win
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