After one week....I am still down a bit but it was mainly due to the "Dubai meltdown" which caused some initial havoc to all markets. The thing was it was also bad timing or bad luck on my part to enter market at that time. A perfect storm issue....luckily due to what I was taught during the training, I didn't really "chicken out" too early.
We are shown how to enter and exit the market....esp with the "stop loss" limit thingy. Also lucky....was the fact, it was a holiday on Friday here and at US...Thank-giving.
Giving people the time to re-think and review the situation....and by then on Monday, the market was just down in a calm way. Then by Tuesday....it was all "up" again.
Btw...I am not trying to promote in any way the T3B thingy. I also have experienced some doubts after using it. It is only a perfect system when the market is recovering from a low base....but for the present situation and in the market we are in, one gotto be very careful when using it when trading. Remember...the big boys are also aware of it and maybe using it for their exit plan too. If we are not careful....we may end-up to be their "cannon fodder" or worst be left carrying their "unwanted baby".
Now....I am trying to think of a smarter way to use it to encounter the above or to be in before the whole herd. Guessed that is the only to make some quick money hor.
Guessed...after getting burnt by the stock and forex market and with what are happening at the moment. Best to lay low and count my blessing for now....and prepare myself for whatever is happening and the future!
Saturday, December 05, 2009
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About Me
- wINtoTo N aLSo 4D...yEAh!
- tO hAVe FuN wiTH mY liFe aND aLsO wAnT mY loVED oNeS tO hAVE tHE SaME tOO. :) bUt iN rEAL LiFe tHaT sHouLd bE sOOn.
2 comments:
on hind sight....postion sizing and patient is very important when it comes to trading. In fact....for any type of trading too!
Must have a plan....for what amount to expect to lose even before ever thinking of winning.
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