This blog will describe Jimmybees latest Market thoughts. It also will include thoughts on Jimmybees ongoing trading.
Thursday, July 14, 2005
Up 70 points on the Dow with increased volume. But the advance/declines were negative so I think this rise is just about over. Gold lost around 4 bucks today and the XAU dropped over 2 points. So my prognosis for the ABX trade was way off anyway. I sold out this morning when it didn't rise with the overall market. A loss of course but that was expected when I got filled. It was an 80% loss. Probably the biggest percentage loss of the year. Again, that's to be expected when you do mindless things. I can't beat myself up over it too much more, it's done with. But I can't make mistakes like that again. I'll have to hit the sidelines for a while now and regroup. Probably take the rest of July off. Next months options have an extra week on them. But I said I would stay out this week also. Dumbass. And so it goes. You've just got to keep going and not get down on yourself. Losses are part of the game. It's a battle against myself. This time I lost.
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