Oil prices hit $67 a barrel, Dow fell by more than 200 points!
Hi,
Most of you must be wondering what happened to me the last few days. I was down with fever and decided to take a one week break. Well, apparently, I missed out on some of the market action, especially on Friday when Nasdaq and Dow declined heavily. Oil prices increased again and there was tension in IRAQ and threats issued by USAMA BIN LADEN.... these are what analysts reports say, but remember, if you are monitoring the market and it starts trending in a particular direction, whether up or down very strongly, you can be quite sure that there are some fundamentals behind the movement. But, DON'T spend time trying to find out what made the markets move. Seize this window of opportunity before it ends. You can always find out the reason; after you have made the profit!
You can say that the opportunity cost of me being sick at this untimely week is at least $2000. Hey, but what's money if you don't have the health to enjoy it? And, day trading is suppose to give me the freedom to do what I want and when I want it, not impose restrictions on me taking medical leave.. Novice traders ---> remember this golden rule: Opportunity is always there, the market will still be there waiting for you tomorrow. It doesn't bother me to lose that opportunity to earn $2000 from the Emini Futures. What matters is that I have fully recovered from fever and all ready to go!