7:30 Am
The future is high. I believel that the gap in sp around 1430 needs filled before it is can go higher. So unload SP call positions at open. RIMM was a wrong bet, which sucks. Anyway, QQQQ is ready for new high. Since the SP needs to fill the down gap, there is no hurry to jump in QQQQ right now. Just do some day trade for practice.
4:30 PM
The market had a big rally, up more than 200 points. I have a very rough trading history since 11/12/07. Also all the option trade losing money. Here is my takes on this mistake:
1. Don't rely on experts advices;
2. Only trust numbers from the market.
Just like there is a gap needs to be filled below on SP. But as long as the stochastic doesn't tell you so, it won't get filled. The TAs will show when the gap will be filled. So from now on, I won't listen to any expert advice. I think the market data is already enough for me to make decisions.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment