Another light volume, down day affair. The Dow lost 17 points on positive advance/declines. You can't make much of the action that happened this week. A lot of people were on vacation. The real game starts again on Monday. All the stocks I'm looking at had minor moves one way or the other. If anything, the options lost more time premium. I still think we will rally big at the beginning of the year. My hardest work will be where to exit the positions I currently own. I want to get out of the Intel trade as soon as possible. I almost bought some Microsoft calls today. My thinking is it will pop next week and money can be made. I didn't do it though. I already have a lot of cash out there in trades. This is a difficult game. I need to simplify it. Looking back over the last year, I really made some bonehead moves. I need to get better. I ended up with a gain of 22% on traded capital for the year. That just isn't good enough for the risks involved. Hopefully in the year ahead I will be able to control myself and make the right moves. It all comes down to patience and discipline. Until next year...
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