Only six minutes after Wall Street open I had rushed into the trade, short position, cause: 1) financials - the strongest sector - was selling off sharply. And 2) materials - the 3rd strongest sector - was making even lower lows. But internals were against me as well as lots of other factors. Indeed, that was rather dull trade on poor entry reasons.
10/05/10
Only six minutes after Wall Street open I had rushed into the trade, short position, cause: 1) financials - the strongest sector - was selling off sharply. And 2) materials - the 3rd strongest sector - was making even lower lows. But internals were against me as well as lots of other factors. Indeed, that was rather dull trade on poor entry reasons.
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