Argh! Don’t you just hate it when work interferes with your trading and research? Unfortunately that’s been the way for me lately so I have only been able to sit passively and watch the KLSE keep rising. Now the KLSE has risen approximately 5.6% whilst my portfolio has languished at aroung 4.5%. But that’s okay for me because I am only 15% invested so when the market drops (which it undoubtedly will) my portfolio will not fall as much.
Lately I have been thinking about developing a routine system for viewing and analysing stocks which can be done regularly no matter what mood you are in which removes one’s emotions. Therefore, like physical exercise this is something which can be done either daily or weekly. More on that later…
But here’s a thought in the meantime: I have also been reading about how KLSE is set to break above 1000. For the Dow that magic number is 12,000. That number means absolutely nothing to me. As traders, we sell into rising markets and buy into falling markets. Where the market actually is, is of no consequence to us. It’s a bit like surfing or swimming in the ocean. All you care about is where the currents and waves take you, not where the sea level is.
Hang Five!
