Monday, January 27, 2014

No Relief, Yet! 1-27-14

It was another down day but not as server as last Thursday and Friday. The market is under pressure from some emerging markets' currency devaluation (Argentina and Turkey so far). Plus the normal action of clear the deck before Fed Meeting. The action may last until Wednesday noon time. We may see further down ward move after Apple's disappointing earning and guidance. It dropped $40 in after hour trading.

I didn't get much risk off of my 1770 and 1765 positions except one of my 1770 exited at $8.5 by accident premarket. The same bad habit of keep changing my targets with every market move. My habit and subconscious instincts seam often overcome my rational thoughts and plan. It has taken much longer than I expected. But I need keep working on it. Perseverance will pay off eventually. Like how bamboo growth.

I am setting up some stops for overnight and I won't be able to change them during my sleep. Hopefully Asian and European markets will create some movement.  

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