Have not been touching any stock till now, since I last predicted the major correction on the May 7 as I last wrote. Thanks God fingers not burn. But sustainable paper loss of the past was the consequence of not putting a trailing stops and greed for falling in love with some counters really provide me with a hard evidence of another wrong strategy. That sucks me out of the indispensable part of my portfolio.
May and June always are not the months that I liked to park my "vitamin M" in a single basket. I am still being bearish as the clould is very unclear over the economic criss in Europe coupled with the US unstabe economic problem ,the Korean wall and etc; the two powerful, primal emotions - fear and greed - produce huge volatility.
I hate myself to be so cliche..... but bear in mind to be prepared for the next bout of volatility ......... do not donate too much of the tuition fees.....
Time is the most valuable resources, a precious commodity and precious asset on earth. Without it, where will we be? Therefore, do not spend it but use it wisely and efficiently to maximize our opportunities and dreams, hence manage and balance our time to our priority.
Thursday, June 17, 2010
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