Tuesday, August 21, 2012
8/21/12 Tuesday
It is a VERY BAD day for me. I didn't follow my plan which was to reduce the longs at the opening. I did the opposite and I pretty much averaged down losing positions. I shut down the application and I need to think about a way to get out!
I drank two bears already and am still at work! Trading is no fun when the direction is totally wrong!
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Don't panic. That is what they want you to do. By my analysis, the uptrend isn't over. We needed to exhale since the Bulls were getting too comfortable in a one sided market. IMO, are entering reload territory for longs.
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