1st Sept 2010 – Stupid and Smart decision on FAZ

This is what happened to me few days back on my take in FAZ. A very typical China man kind of BUY HIGH SELL LOW mistake.

I was stupid enough to buy at the beginning of the night. This incident was coincide with my stupid decision on C on the same day. Two mistakes in one night. If I have waited, I could have a lot of room to play on this take.

Lesson learnt:

1. Never ever buy at the beginning of the night.
2. Wait patiently for the direction.

Well… was the decision STUPID?

YES, at the initial BUY side.

NO, at the SELL side after I realize that I was STUPID.