This is what you get paid for. Volatility. Stomach-churning drops. Watching your paper wealth evaporate. Stock market profits aren’t free. Garbage collectors (at least, in nonunion towns) know they have to turn up in the morning and pick up people’s trash in order to get paid. Piano teachers know they have to teach piano to pay the rent. Shop keepers have to tend to a shop. Only investors in the stock market expect to be like the lilies of the field. They toil not, neither do they spin. Could Wall Street just send us the checks every month please? The reality is that investors have to earn their money, through brains and nerves. The brains can mean doing smart things – like buying Apple when it started to turn around. More often, they simply are doing dumb things, like buying Pets.com. The nerves mean not panicking or getting swayed by fear, at the bottom, or greed, at the top.
–The Wall Street Journal Online
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Sakthi
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Sakthi
Is 11750 would be a short-term support for this recent sell off in market? Soon, there could be relief rally for the painfull days in last couple weeks. My two cents would be, watch carefully, don’t predict, react when it happends. Trading is 80% emotional, 20% technical. Balance your fear and greed. Market is like our life, it will reward or punish us for any decision or action that is taken.
