I've learned that having a diary is very important w/ observations, thoughts, & self reflection. Friday was one of those days I regret a bit. The week was amateurish, desperate, and a violation to good trading mentality. I had put in a big position on a gap up and was up for the week. Pretty sizable but I decided to continue my hand..
As a result, the erosion took place. Why not just walk away? I should next time....
Current positions:
LONG
-MO (I love Altria, and the whole tobacco industry and its stock). The yields are amazing !
-AUY (Gold exposure via miners)
-FTO (Oil exposure)
From what I see, I ponder why gold, crude did not rise in sync w/ the broad market indexes. However, copper held its ground above everything else. But you've got to wonder what and why there is that dis correlation. Does copper really lead the way? So much things going on...
We shall see. I've heavily weighted my position in MO, and used margin to trade.
Hope my 'reading' is right..
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