This blog will describe Jimmybees latest Market thoughts. It also will include thoughts on Jimmybees ongoing trading.
Thursday, March 10, 2005
Seems like this site is having problems again. The Dow was up 45 points on good volume. Advance/declines were negative though. I guess I am going to look to short it here soon. Summation index pointing down. Gold did not move today but the XAU was down over a point. I was stopped out this morning on my NEM calls. I knew I should have just sold them yesterday. I still am having trouble on the exiting of positions. My greed needs to be worked on. Although the gain was over 100% the entry and the exit were both terrible. I chased it going in and I held too long getting out. You cannot be happy with actions like that. More often than not you will lose money. I now have no positions but I will be looking to get long gold again, perhaps a quick trade for next week. The dollar didn't do much today ahead of tomorrows trade number. I will perhaps remain flat over the weekend. My mood is not a good one at this point and I really need to keep my emotions in check. There are still opportunities to be taken advantage of. I'd like to see gold back off here a bit but you never know. Hopefully this thing will post.
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