I have started this blog to post trading journal entries related to actual or fictious trading I would be doing or thinking about. Traders agree that trading journals help in improving one's trading. Trades in the journals are meant to educate only one student in mind: that student is myself. Comments from readers are welcome, but please do not post insulting comments as I do not want to spend time removing them. Also, stay on topic in your comments.
I may be trading the instruments I would mention in the journals. The content of this blog cannot and should not be construed as advice of any kind to any reader. If you do not agree, please leave this blog immediately.
I believe that one should trade only with money one can lose, and in fact I believe that one should assume that the money will lost. Of course, I do not plan to lose money in actual trades, but that it is safe that I adopt that assumption from the beginning.
The first Journal I would like to start is related to trading stocks from the short side. I have decided to consider this avenue at this time, because my analysis indicates that the market is on the verge of starting a retreat from the current recent high levels. If there is a retreat, I currently estimate that it would extend for 3 to 4 months, and would end sometime in the Spring of 2010. In general the market does not go in a straight line, and there are rallies in a retreat, which can be vicious for traders holding short stock positions.
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