Kevin -- I think post bond trade the short sterling mark trade and picking the bottom at 1340 area I have some ideas to put the money to work, I only got out of the positions where I entered 400 points lower on composite, it was Ray who thought we were hugely overexposed on the long side, far more than normal the normal is 2 to 3 times but this time it was overwhelmingly big, I just did not have the stomach to see the victory fought from the jaws of bears to be slightly lost. I am right now planning to get back in above 1080 two clses I am just getting a little concerned about this inability of SPZ to take out 1080, composite will again test this 1749-52 band until this is decisively taken out we go back and test 1055 on SPZ I just see that if we don't get 1755 out in next two trading sessions, we may see 1055 before 1130. Overall I never trade my core, it remains as it is and what I did was to get out of my new longs, get the proftis in and make your account fatter to able to take abuses like 1320 dip..ggg
I will on break of 1755 go long SPZ to 1094 area, and will expect some good trade around their, on BKX 710 was not taken out on two closing basis for me the trend will not be broken unless 690 is out I will watch for my level, market looks alright and I am waiting for trend to develop, one rule I have learnt one never goes bust raking in profits and rule number two a disposal in orderly market is better than a disposal in falling market when it still took 45 minutes to exectue the number of various positions I had... London activities keep me a little bit more busy outside markets as such the enjoyment factor plays a role also with a huge weight off one's mind the plays and shows can be more appreciated. Enjoy the markets and buy fun when you win, use the money so as to feel good about trading in and out this is the last but most important use your winnings they encourage you to do better.. fwiw.. at the end I know I am a small fish in a very big pond. |
