Does it matter, or doesn't?

n748

Bears are misarable.

I know I made a huge mistake by not trsuting this rally. Instead, it seems the long-awaited pullback never comes, and will never comes.

Earlier, I pointed out a lot of negatives that the market ignored. Well, MM came up a number of good news (or numbers) and said the worst is over.

Everyone knows it's not over yet, unemployement rate is still increasing. Well, people say, the rate of increase is actually decreasing.

GDP dropping fast, well, doesn't matter.

Now, Chrysler file for BK, well, Market gapped up.

It doesn't matter no matter what, does it?

MM is really powerful. Bears are crushed.

Each day feels like the last day of the rally, it keeps coming back to bite you more.

If you are scared, there is no way you can win the battle.

The only way to beat them is hold on to what you believe, and patiently wait for your turn.

For that to happen, you can not short on margin. Instead, buy things like QID, SDS, or SH if you can not take the 2X risk, but never on margin.

CoolMax

Very good！

dara

Bears are misarable.

I know I made a huge mistake by not trsuting this rally. Instead, it seems the long-awaited pullback never comes, and will never comes.

Earlier, I pointed out a lot of nega ...
n748 发表于 2009-4-30 14:37

Yes, margin is a virus. especially 4x trading power for day-trader.

You need control yourself.

Money management is always the key, skill ranks way behind, even less important than personality.

That is why I do not pay for any blog/service now.

seabiscuit

"The only way to beat them is hold on to what you believe, and patiently wait for your turn."

Well said...Chasing high is much more dangerous than holding shorts in a bear market.  If SPX gets to 900, I will add more shorts.  现在在冬眠。。。

lilyflower

Each day feels like the last day of the rally, it keeps coming back to bite you more.

n748

I was lucky that I did not cut my FAZ position baught yesterday at the close. Now it's out of th water. Hope I can get some profit tomorrow.

I made many mistakes before by being panic, and usuaully sold my positons at the floor price.

bayliner1979

Neo, everything that has a beginning has an end.