Last night, after receiving a simple email from 9FM, I spent the night tossing and turning - unable to sleep. All I wanted to do was give him a quick call and tell him how we were financially made for each other. But I decided to wait it out since we've only got but a few more weeks to go.
After such a restless night, I certainly didn't expect the holiday surprise that His Royal Highness, the one and only, Benjamin Shalom had planned for the bears.
Today could have been even more beautiful, but I let go of JRCC way too soon and as I was doing it, I knew it, but I did it anyway. It's become a pattern for me and I've still got the blindspot. Perhaps I need a new prescription for my lenses? What am I not seeing here other than the fact that I'm buying too early during a downtrend and selling too early during an uptrend? Ultimately, this is what kills most traders and after spending so much time on the markets, it's still the single-most important factor that continues to undermine my success and market credibility.
Next time, I must remember: if I should have taken the third bullish signal on the way down, I must at least force myself to take the second or third signal to sell on the way up. It's only fair!
Oh, but those glorious profits were nothing to be ashamed of... yet, if discipline trumped desire, I would most definitely be a lot better off since JRCC ended the day +21.38%.
It's not often that we get global co-ordinated Central Bank Action, but this year, we've had at least two instances. This time, our benefactors included the Fed, BOE, ECB, SNB, BOJ, and the Bank of Canada, as well as emergency response from China. China has kept its cards very close to its chest, but two major Bwahaha movements have been revealed this week, including unveiling its outright desire to invest in western infrastructure as well as today's bank reserve requirement slashing.
Hopefully, these series of stabs were enough to keep the bears in despair. Brazil could take action shortly - and I wonder about India too? What type of karma suture fun could the Yummy Financial Maharajas be planning?
The FT puts it very succinctly: Banks Ready To Act Pre-emptively...
+5.36% Roth IRA
+0.45% WTI Crude
-0.40% Brent Crude
Tomorrow's Natural Gas Storage Fun Day! I missed out last week, but I'm going to give it another go this week. We've also got Unemployment as well as ISM Manufacturing.