Wednesday, 4 June 2014
Tuesday, 3 June 2014
Oil seeks its level
"Oil seeks its level,". "You can force it higher with a pump, but when you stop pumping it
requires no force to cause it to return to its former level. Commodities are the same. They can be forced above their natural level of
values to where lambs lose all fear, become charged with hope and buy at the
top. Then stocks are permitted to sink to a level where hope gives way to
despair and the most rampant bull becomes a bear and sells out at a loss
Monday, 2 June 2014
“When you make one to three trades that show losses, whether they be large or small, something is wrong with you and not with the market.
Your trend may have changed.
My rule is to get out and wait.
Study the reason for your losses.
Remember, you will never lose any money being out of the market.
Holding on to a losing trade is the worst thing you can do, and as a rule it continues to go against you, and the quicker you take a loss, the better.
Trade with the main trend.
It never pays to sell short in a Bull market because you are bucking the trend and may miss the top.
It never pays to buy in a Bear market, becuase you are bucking the trend and may miss the bottom and have losses.
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