I sold my ausgrp at 1.81 (bought 1.81 4 weeks ago). During the 4 weeks, Ausgrp went as high as 1.92 yet i didn't sell for profit. It also went as low as 1.74. My trading system is trend following and I tend to sit on a trend. It became obvious to me that i am early in the trade. Also the recent movement of the market is, good news and bad news doesn't move the market. In 2005, we plunge after trading sideways. In 2006, we traded sideways and then surprise everyone in November by going on a strong bull run that leads us to 3k.
I respect risk. Although I still have a portfolio of stocks, i must agree readily that we are behaving like in a market top. The inevitable can happen. But, we will not know when. The only thing we can do is to manage our risk. When it happens, just remember to run away. The plunge from market top can take a few months to happen, so there is still upside to make from. This is why i will not just sell everything and wait for the crash to happen. Who am i to decide if market should plunge. The best thing to do is to form an opinion of what are the signs and take care of the risk.
Tonight i have more than 36 stocks in my XPertTrader screening. There should be a broadbase rally tomorrow. Best time to add should be during intra day weakness .
As November will be a busy month for me, there is only 1 Technical Analysis course. The last one for the year will be on 15th Dec. This course is computer based and many feel that it is very good to have the laptop for practise versus pencil and ruler with old charts. This is the last time the course is offered at the special price. Next year onwards, it will be charged at the usual rate. This is because hotel rates are increasing.
DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.
