Wednesday, February 18, 2009

Not Much Trading

I am not doing much trading these days because of work load and not able to spend enough time in research. I am just wondering whether any research would help in this market. I am not sure which direction market wants to go and it could go either way. More possibility is towards downside. But i am afraid to do any short becuase of market being so oversold. That doesn't mean it can't go further down but it doesn't give good RR.

My recent trades has not worked well for me and i don't want to do over trading so concentrating on work more. But hoping to do some research in weekend and come back. I have small SSO position open with stop at 19.50 (bought at 20.00) which could kick me out anytime.

I had FAZ with me and i sold them with very little profit last week. If i had kept it, it would have been very good profit. No point crying now.