The market decline of Friday 4 June -- one you have been forecasting for some time -- proved to be a profitable one. Across several index puts I realized a one-day gain of 59.5%. In actuality, those same puts were 30.2% in the red after Thursday's trading and went to 11.5% black on Friday proving that your "stick to the plan" will work if you exercise patience. My primary mistake was buying some puts too soon during the recent upward correction, but I got lucky this time. I still need to learn to wait for better confirmation and resist the "if I don't act now, I'm going to miss it" temptation. Your sage advice is soothing to my anxieties -- I am learning to be a better trader.
David D.
Monday, June 7, 2010
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