Comments

Posted some general comments to CNA forum.

On my goal of trading.

I am still firm in my aim of trading stocks - quit for good one day. I believe the only real winner in trading is when made big and quit for good, theres no other way. Remember this, no matter how good we are, this is still a game of luck. Lady luck wont be there forever.

On my view of market.

In a bear market, very bullish setups will appear (like inverse H&S, double bottom etc). Sometimes they will follow thru, most times they will fail and we have more freefall. Current market is at a state of very bullish formation. This can lead to rapid rally in prices or reversal into nonstop dropping.

Actually I dont think well of market. I bought at low three weeks ago because I cannot afford to be not long on market in case it turns out to be real bull run. If its false run (a terrible short squeeze), I will exit my long positions when my paper profits drop 50% from its high. If its real bull rally I just ride the prices up.

My advice is learn how to short. In a few months time, this preparation work might come in handy. Recognise that trading is just a game of chance. Dont be too happy when make profits dont be too upset when losing streak. Think about it, what is the best signal for bears to come in short big time?

When a perfect bullish formation still fail to make prices run.