... bridges were burned... tables were turned... lessons were learned.
Why, oh why did I sell BAC? It closed at $12.65 today, which would have put me so close to the $12.87 resistance I was watching. If I had only taken profit two days later, I would have been +13.15% in two weeks. Instead, I was content with only a little more than +3%. It was mediocre. It was fraidy. I condemn myself for giving into the bears and yielding to my fears, but now I know better for next time! Resistance doesn't always foreshadow a sell-off. We need to see what's happening with support as well. In this case, it was clearly the bulls saying: "Hit the brakes and fake out the flakes." And I was a flake.
Up today: Harry set a new high and made me sigh. I'm waiting on Harry's earnings announcement and will be monitoring extracurricular price action during Extended Hours Trading.
+1.07% on the SBA
+1.25% on the Roth IRA
I outperformed all major market indices around the globe once again - not that I'm bragging (well, maybe just a little)! Now, I'm waiting for Shanghai to break above 3000 again. Will it happen? Will the GOLs be alpha enough to test the 6000 pre-crisis level on FTSE? They're already so close to levels we haven't seen since Bear Stearns and S&P 500 seems to be holding onto the Lehman level as well. I don't feel smug yet, so I'm not going to sell until my trading ego reaches epic proportions.
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