My current position means I am reluctant to take any more trades until I can get out for zero or a profit. Ill timed but I doubt too many other than US government insiders could have seen the monster rise on Tuesday.
I am loathe to take on any downside risk as the news can move the market down 5% in a flash.
The weather is tolerable so after a strenuous bike ride this morning, I'm feeling like I could take a long walk later with a Cuban- one of my Jose Piedra Cazadores (cigars). I have maybe one a week, and am prohibited from igniting these babies indoors!
There is nothing wrong with 'investing in yourself'* and the occasional reward is every trader's right. We do something extraordinary, and could not function if we wore a hair shirt constantly.
* I count exercise and the odd indulgence as an investment.
Thursday 12 March 2009
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