Sunday, August 05, 2007

There was actually a enuff warning for a correction in the stock market. Everyone knew that it was heading upwards in a steep manner. They knew a pull back is immenent, but when? To go into the mkt at this time is a gamble. Are you going in for a thrill, or peer pressure that everyone else is going in at this time?

I wasn't spare in this correction. Aug is not a good month for me. Just a first few days of aug and i said its not good. LOL.. damn pessimistic huh. My trainer and classmates wasn't spare either. A 20 years experience in the market veteran made mistake at this point time. He was saying during his first lesson in july that he dont think any correction will come soon, he don't "feel" it yet. A very important lesson learnt here. No one can predict the market, but we can take precaution from it. LOL... i think i can take comfort from him.

I was particularily very active during the may-july period. The May06 and Feb07 correct did wound me. But i think this Aug one dealt a very heavy one on me. At this point in time i am still trying to figure out what went wrong. There are a few key weaknesses were already shown during this correct. I am trying to figure out more. I just hope to climb up again from this fall.

Will the sun rise again? I hope.

2 Comments:

Anonymous Anonymous said...

Same here. Good learning experience. 1/2 of profit wipe out in a week

8/05/2007 07:48:00 PM  
Blogger Ah Hock said...

u only 1/2.... so good.

i....

8/06/2007 12:29:00 AM  

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