Monday, May 19, 2014

Missed the boat!

Today the ASX 200 had one of it’s worst open weeks in a over month.  The index dropped 70 points across the whole day ending at it’s lowest level around 5,409.

Firstly, I missed the opening of the market (thanks to a certain little boy waking around 5am).  This was very dramatic and I’m hoping to catch it again tomorrow morning.

I had quite a few good positions which I gave up too easily due to momentary price swings hitting my very conservative take loss orders.

All up I finished around –$35 which was pretty silly considering what happened in the market. I am learning and today was a great example of trying to not guess when the market is changing. 

Hopefully tomorrow will be better.

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