Tuesday, January 26, 2010

Correction Continues

Taking more heavy losses -- now four days in a row.

My tolerance for pain is reaching maximum.

The market has decided there is too much risk in owning China names and I have suffered by holding on.  The market is saying get out but the market is impulsive.

I learned that the market can turn on a dime and not look back.
I learned that my habit of taking profits is a good one -- one that I need to do more often when I feel like the profits are coming too fast, too easily.  Always recognize that feeling.  Locking in profits is always a good thing.

 Don't be in a rush to put cash back to work.  If you ever feel rushed, fearful, giddy, or greedy -- you are about to make a big mistake.

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