Trade Plan
Photo credit: David Haworth
Have to stop trading early in the morning: make a lot of mistakes, then spend a better part of the day fixing them.
Though we’re getting just ridiculously oversold, we’re in a no-support area at this time. I’ll stay short until October 16th. If we get a bounce before that, there should still be a significant drop on the 14th-15th.
By the way, full moon is on October 14th and I’m a big believer in the Moon’s influence. It’ll be one schizo market until the 15th. There’s another reason but I won’t say what it is sshhhhhh.
Despite being confident that we’ll be down until then, I just can’t shut off my inner optimist and it has been costing me money. I quickly dip in and out of long trades, it’s a hit and miss. Shorting, however, seems to work every time. Need to stick with the winning theme.
It’s like I’m sure that we’ll go down, but it seems just so out there to drop so far so fast… All the time trying to convince myself to stay short.
(Eric, you must admit that it is different this time. If it’s not different, show another time it dropped so far and so fast without a “kickback rally”.)
What’s a fabulous picture of markets!
🙂
Are you enjoying it?
It’s getting really scary out there, isn’t it?
I’m both -scared, -happy about being able to make some money and at the same time, -mad at myself that I’m not making more! Still in the red for the year thanks to my penny stock “investments” but I’m getting closer.
Just think of all those die hard long-term investors that will never get this opportunity. All they can do is either get the money out of the market, or sit and wait for it to turn around.
Yes, i’m crazy about photography, particularly b&w.
Phantasmix, do you shoot pics sometimes, after or before the trades?
🙂
Just don’t shoot away, first.
The market everyday give us something, you know.
Asian screens are smell bad, especially Nikkei, if you’re on forex market, it’s time to seek the opportunities for entering in Yen, against the greenback. There is a lot of money in Tokyo that
moving from stocks to … nothing, but JPY(may be to gold, silver also — it needs to check up deeply the asian sessions).
Ah you literally meant the picture 🙂 Not figuratively. Yes, photography is still our business and pleasure! I keep thinking I should start a photo blog but there’s so many of them.
Do you have any experience with FXY ETF? I haven’t activated my Forex account yet, and frankly don’t think I’d have time to learn anything right now. So I’m looking for an easy way to get out of dollars and into Yen.
Figuratively also!
Phantasmix, please do start a photo blog, please 🙂
I didn’t have any experience with FXY.ETF and i think that it’s wrong way to catch the trades.
Don’t be scary from Forex, learn it as soon as possible and you’ll enjoy this market, just remember what i told you 🙂
I made a comment right?
shit, I deleted it
oh it’s spam because it has a link
I’m saying that ceck this out…. 20% 1 month declines are not abnormal.
Eric,
that’s good, hopeful charts, thanks. Feels like the end.
I’m afraid they’ll shut down the markets. That was the rumour circulating today and that just totally threw me off.