Interestingly, now "Greece had backed away from
a proposed referendum that could threaten its
membership in the euro zone and the European
Central Bank surprised the markets with an interest
rate cut", market looks like resuming its course to
the upside. Although there maybe nasty surprises
and occasional strong headwind on the horizon,
I stick to my view that we will have a good November
to January period and we should have a profitable
year-end rally. Just be prepared for it.
Some skype members wanted me to talk about
the "Experiences" that I mentioned yesterday.
I believe that experiences will come when you have
deal with Mr Market long enough. I am not saying
about doing paper-trading as there is no emotions
involved and you never put money on the line and
you simply can't appreciate the meaning of Risks.
Whether you win or lose in the market, you will gain
knowledge and experience along the way, although
you will remember the trades deeper when you lost.
After all the battle scars suffered, and you look back
at your "records", then you will become battle-harden
and you will know how to deal with whatever circumstances
that Mr Market throw at you.
Before all these, I am not saying that to be gung-ho
and just plunge into market without fear. Well...some
people I know simply don't know what is Fear, and the
result can be disastrous. To be a doctor, lawyer or
any professional, you need to study the relevant knowledge
and then proceed on to the practical parts and become
better and better along the way. The same can be said
about Trading too. It is very simple to trade but it is
never easy to win. I recommended few books weeks ago
that I stated will benefit those interested to know Mr Market
more, how many of the readers actually bother to pick
them up and have a good read at it. Many are just gamblers
and punters when they are trading and winning and
losing are just pure luck. I don't entirely believe in luck in
the market, I believe in preparing for any trade and just
leave luck to where it belongs.
Albert Einstein said before, "Insanity is doing the same thing,
over and over again, but expecting different results."
This is exactly what happened to many retailers in the market
at any time. I rest my case.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict Money(Risk)-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
别人笑我太疯颠，我笑别人看不穿
Nicolas Darvas Box Theory Trading Method
Investing Seminar
Timeless You
2 comments:
The last few days were erractic. Had the Greeks not come out with some surprise plan, Stock Lobang's prediction wld ve been accurate. But we are adults and need to take responsibility for our own actions. Still managed to make some decent profits after his advice along the way.
Your blog requires your reader to skype. This is very inconvenient. Perhaps putting a chatbox will be good. Just a suggestion.
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