Wednesday, January 14, 2009
No action is the best action
In the current non-trending volatile climate in the equities market, it is virtually impossible to trade, so I have decided to wait it out till things improve. Although I have wanted to take up short positions, and in particular, in Cosco, the risk-reward makes a trade on it unworthy. Imagine, Cosco being already so low, I have to wait till it falls to 0.20 before reaching 1:3 ratio. Can Cosco reach that level? Probably, but I'm not taking such a chance. So, I will be taking a break from the equities market till the trend changes to bull, hopefully by March.
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