Input:
- I am WRONG again with my market analysis.
- I decide to take my SHORT in JPM off the table. Since I can be out at break even, let's not take any extra risk since the market is slapping my face already.
| Buy $ | Sell $ | Sell Short $ | Buy Back $ | Stop Loss $ | Profit / Losses |
|
|
|
| $40.40 |
| |
Reason for Buy / Sell / Sell Short / Buy Back:
- Market rally after data released: http://stockaki.blogspot.com/2010/09/20th-sept-2010-this-really-shock-me.html
- Refer to the SPY daily chart below.
Lesson Learnt:
- For time like this when the data is flat (does not really show good news) it will still be treated as good news. "No bad news is good news".
- The market can be insane, but HE is always right.
Intraday Chart
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