Sunday, March 7, 2010

Draw down

Draw downs are a part of trading. Being a good market timer is something that takes years of practice. Currently my timing has always been to early on shorting and to early on taking profits. Friday was probably my largest draw down. The feeling of bearishness on friday was unnerving. Thoughts of, could you be wrong definitely swirl through your head. Am i gonna go broke with this short position? Should i switch and go long?

This market is going to correct. When it decides to take out the lows in february it could get pretty nasty.

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