
I've had time to reflect over the weekend. I find gardening helps alot with this. It's also quite physical, so I feel a bit excersised now (not like, "the power of Christ compells you" type of excorsise...)
The last couple of weeks have, quite frankly, been unsuccessful, so I've had to re-evaluate my over-all strategy. (I've decided to wear blue over-alls instead of pink ones, they go better with my hair)
I'm sticking to one strategy this week. I've decided that the trend following stategy that I've been predominantly using is a bit risky at the moment. It's not offered it's usual success. I think we're in a time where psychological pressures on the market are stopping it from moving in a certain way, which means until it breaks out from this, I'll be seeing much of the same.
Since I'm in this game to make some money, I've decided to go with the one strategy I feel most comfortable with, and which after back testing would have brought in an over-all profit recently rather than an over-all loss.
It's times like this which mess with traders heads. They start to lose confidence, not go into the trades they should, miss opportunities, lose more money and eventually give up.
I, on the other hand, am a complete looney and have decided to continue because I know I will eventually come out better off.
Anyway, charts have been scooting up this morning while typing this so better go in case of an opportunity.
Here's a daily chart - although Friday pulled back, we're still on an uptrend.
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