Jun
12
Last Week, from Kim Zussman
June 12, 2007 |
I lost money last week but I'm still up since starting to trade futures in late January. Ironically, I lost Wednesday and stayed out Thursday until right at the close. My mistake: sold too soon in the AM and shorted prior to the close, thinking ‘no way they hold the weekend.’ I should know better and was mad at myself for selling too soon.
Currently I wonder if last Thursday's big sell-off will act as a mini-2/27 or there is more to come. Lots of worry in the air; that must be good. Seems like PPI/CPI later this week will fuel or douse the fire.
Victor remarks:
Shorting after a big decline is an unforgivable mistake.
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