Wednesday, March 18, 2009

Note to Self

Try to think of a bullish market as a bearish market upside down. It's not, but try to think that way so that you don't go short on bullish days. I know you know what a trending day looks like. Don't be so hard on yourself for shorting fifteen to thirty minutes before the FOMC rate announcement. But I still know you have trouble going long. It's hard. It takes faith in everyone else. And it takes longer to move higher than it does to move lower.

But it's a necessary part of trading.

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