Thursday, February 5, 2009

Trade

Finally i am out of my all FAS position with loss. Good Loos. As always happens to me, i didn't sell earlier with small loss and i kept it for it to be big. And finally i gathered courage to put stop on it and it did knock me out today at 7.90, it went up to 9.20 something. I could have reduced my loss but my luck :(

I don't know if financial are strong enough to run big from here. Today suddenly market changed because of rumor of mark to market send market higher. Tomorrow is Job report and let's what it brings tomorrow.

For me, i am not sure which direction market wants to go. Sometime i feel not to trade at all until direction becomes clear. My recent losses has put me at almost 5% loss for the year. It wiped out my all profit i gained since December 08. Too bad. I am trying not to discourage and hoping this will be valuable lesson to me.

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