Friday, March 2, 2012

STI - A Mini Turn


Yesterday was a clove shave in the market. I was watching actively and near the end of the trading hour, I saw a mini turn to the upside and that's where I took all my profits and cut some mini losses. I wasn't hoping or letting my emotions play with me. The charts were telling me a story to get out first and get in at a later stage. I was lucky that I made a $2100 profit and took a $200 loss.

Today is tricky. I shall stay neutral and watch. I won't be taking huge positions unless the BBs asked me to do so. All in all, stay vigilant and watch. Buy the strong and sell the weak.

Ronald K - Market Psychologist - The Big Speculator