On the sidelines

Discussion in 'Trading' started by EMRGLOBAL, Feb 27, 2008.

  1. Man,

    After shorting and holding for a few weeks, being up huge to being forced to cover for a marginal gain, then reversing and taking the long side on the last three days, I had to get out after today's failed rally.

    I booked my gains because I can't gage this market. 50% was luck and 50% was fast thinking during the last four weeks.

    I pushed all my "trading Capital" in to CD's tied to currency baskets for now....gona watch the and see for a few days if not weeks.

    With my luck, the shorts were just squeezed out and this fucker will sell off 600 to 1000 shortly. However, on the flip side, the market has laughed in the face of all the bad news.

    Confused and cleaning my thoughts.:cool: