Savy, young traders putting everything on the line for a piece of the big pie...
Thursday, November 8, 2007
Simon: admitting fault
10 minutes before the market close and instead of having gains, i am taking fat losses. as i feared most, i bought in at the bottom of the day. the market, mainly financials have recovered strong from its lows. i should have held what i had and would have been happy now. today is a big lesson that shows that intraday trades are bad. only closing prices are worth marking on the technical charts. crazy wicked market. fuck fuck fuck! definitely best to wait for the last 30 minutes of the day to make trades. traders are too crazy.
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