Kamis, 03 Juli 2008

I'm Feeling Like An Idiot

Really, today the market drives me nuts.  I can't think of anything else but to submit to the market.  All my stops were hit and I had to cutloss.  Not only that, I have to average heavily into BUMI.  My God!  Blue chip!  Fall more than 10% in a day!  I just can't comprehend the market today.

But anyway, I accept it as it is.  It is the market, an irrational beast.  Trying to be logical with the market will lead me into confusion, right?  But still, I'm still feeling like an idiot.  I have sold almost half of my baggage yesterday, but I'm tempted by BUMI, so I bought it, right before it's fall...  It's like a kiss of death.  So beautiful, yet so deadly.

And now, I'm left with 90% asset value, and double stake in BUMI because of the average down.

Actually, I'm almost 90% cash today after I sold BUMI at 7350 early in the morning (as an insurance, the same as all my stops), but the support tempted me to buyback my share at 7450, and more at the pullback at 7350, and 7300 with all of my cash.  So now, I'm left with 80% BUMI and it's going down again!  Today it closed at 7150, taking more of my net worth with it.

I feel like I want to scream.  Actually, I screamed.

I'm knocked out.  Mr. Market has beaten me today.  2-0 for Mr. Market.

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