A very happy thanksgiving to all my US based visitors......
You all have made my BLOG very successful...I have exceeded 25,000 visitors in six months...so thanks for your participation in my BLOG content.....
Thanksgiving is a very good time to count our blessings.....
Good health,Good family,Good friends & focus on happiness is all that "really matters".....
The rest is scorekeeping......
Talking of scores....we had a very rough four weeks in the market....
This is a very good time to go back to the drawing board & start all over again......
Starting over means :
-New strategy.....
-New implementation of what really worked....
-New way of investing or trading.......
-New flexibility based on market conditions......
-It is never too-late to get out of a very bad trade.......
-Know your stocks fundamentals very well......
-Technicals do NOT assist you after initial drop.......all arrows point LOWER...which is NO help...it forces you to book a loss....
-Must show conviction to a good buy which "market endorses"
-What you think of your stocks "is irrelevant if market is not excited about"
-Alway's know the "resistance & support lines of each of your position"
-Alway's trade out if you are "near resistance"...you can alway's buy it back..no matter what it does...@ least you booked the profit.......
-Alway's do your own homework and NOT rely on pundits to do your job......
-Do not affect your conviction...against NOISE.....
-Make your own assessment of situation day by day......nobody really knows where markets or any stock is heading.....everybody has an opinion...so should you .......
Good luck on any of the above points ...if it is applicable to you....remember alway's ...making money in markets is not easy.....it takes lot of homework,experience & discipline.......luck plays a "much smaller role than people want to accept"
Canadian markets are open on thursday full day......I will be watching RIMM tape in Toronto...
Overall I had a profitable day again ..thanks to my $$$ allocation & benefit from my short position in Canadian $$...which went down again...I have gained 8.31% on my short since 7th of nov.....which not only eliminated all my loss ..but put me ahead in the "brutal two week"......
My portfolio remains :
AAPL,FMCN,SINA & RIMM.
Next post friday around 845 AM.
Enjoy the stuffed turkey w cranberry sauce !!!
Saleem
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