Thursday, April 22, 2010

I will be doing nothing for now

Regardless of some counters(Cosco, Yangzijiang, Baker Tech, Mermaid) still making new highs, I will not be buying nor selling short. Instead, I will be taking a good break from the stock market until more clarity emerges.

Meanwhile, I am finding better action in the forex market. This market is more friendly to trade in since I can avoid the mind-boggling act of stock selection + I seldom have to deal with gaps up/ down. But at this stage, I am still very new to it, and it will take some time for me to fully enjoy forex trading and its rewards.

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