THE MARKET CHANGES IT MIND

The US market keeps on declining this week after trying to go above 1255/1265. In a week time, many gurus turned from bulls to bears, its amazing that how fast they change their mind. Just last Friday- 9 Dec 2011 when market rebounced to 1255, many gurus are looking at 1307/1300 target this week. I remembered one of them say year-end will hit 1330. And now, they say year-end target is 1210, a difference of 120 point in SPX. Madness. The market  often surprises so many gurus. As a retail trader, I guess I really need to stop listening to gurus:-).The best is still set your own rules and follow your own rules, but comfortable rules can only be established only after many trials. Sigh, Why learning to trust myself other than others is soooooooo difficult.

MARKET TURNED AND LESSONS

Its so so difficult to trust yourself. I have proved that I loved to give up at the lowest point and opt for easy solutions. Just dont not know how to manage this weaknesses, plain lazy and lack determination. The good thing about this week is that I have discovered that "breakout" is not for me, I will always do very badly at breakout as its not the style that I have used in share buying, I am more a suitable  in trading at extreme market range. I have also proved that I have very bad memory.