Monday, May 4, 2009

Took my haircut

Even though I still think I am right about a major correction I bit the bullet and exited my SDS position. For those of you who want to learn something I was trading what I thought and not what I saw. This is a very common trading error. I am also very stubborn when I think I am right. This is a demon you must tame if you want to succeed trading and probably the hardest one to vanquish. Well now that the evil trading demons have my cash the market is sure to come crashing down tomorrow. In any case I will go lick my wounds now and look at the charts with fresh unbiased eyes and report back to you folks. Good Luck