Thursday, September 9, 2010

Personal Disclosure

The index broke out of its previous peak at 3873, closing with 97 points up at 3902, stronger than . People say it's officially a bull run now. So maybe this time, I need to find the faster horse :)

My bid at GMAP didn't get hit today after it met strong selling once it reached 8. I probably should have held on to my position in DMC which I sold last Monday at 24.20 as it still went as high as 26.10 before closing at 25.60.

I observed this week that my new trading system is not fit to trade this market behavior. It is only good in trading trending market in normal pacing so I need to figure out how to trade in this new environment.

Second month for the new trading system. I am hoping for a buying opportunity by Monday or Tuesday.