Friday, 21 May 2010

Bad call

The market rebounded in the closing 20 mins to 10196. This would have annilihated me! I would rather be right and have less profit than be wrong yet be in the money - and is this the wrong mindset too.
So I was correct in
1) Not being greedy - the profit reached 20% of the fund so I took this. If you could do this enough times it wouldn't be long before we could see parity
2) Out of the market before the funny stuff at the end

I was wrong in
1) Thought there would be a hefty fall - but this rebound could have been short covering, for profit taking

To be honest you could go insane

No comments:

Post a Comment

Note: only a member of this blog may post a comment.