Friday, April 9, 2010

Do not argue with the markets

I foolishly went short of SVN prematurely a few days back anticipating a turn in the markets. However, the markets have remained obstinately bullish. Since I am not one to argue with the markets I immediately switched my stance and went long of ABCD, SVN and HTHT.

I do not care very much about being right. However, whenever I am right in my stance I want to make a lot of money and lose very little when I am wrong. Usually when you are losing money you are wrong! This was the case with SVN. So I promptly exited.

I have absolutely no allegiance in the stock markets. All I care about is making money!!!

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