Another Day

JCI has dipped over my psychological level today.  2,180 (-3.10%)!  I wonder what will happen tomorrow.  But one thing for sure, many are losing money now, including myself.  Right now my position is still floating loss, because my stop tends to be lower than usual, but if it get hit tomorrow, I’ll sell right away.

I was betting against the trend because of a strong technical signal, but apparently all the bulls are transforming into bears because of fear.

So, what should we do now?

If it’s me, after I cut loss, if it hit my stop, then I’ll look for another chance to enter, but not bottom-fishing.

It’s been a saying that bears like to slide in the slide of hope.  So, let’s not hope much now.  Accept that Mr. Market is very depressive, as well as many of the market participants.  If it falls, let’s jump out and live for another day.