13 December 2012

Wheat : Running Away

  • Stalked this for the longest time, waiting for the reverse periscope downside break.
  • For various reasons, did not have the usual sell stop-in order below 830, so left without an intended short position now. Just watching it run away (now 808) from me in frustration.
  • Put this down to execution mistake. Much too 婆婆妈妈 (= too much dicking around).
  • Unless this backs up to high 820s, I am going to have to let this one go. 
  • So damn important to remain focused all the time. Sometimes you sell the break and it works, other times it slaps you back, hard. But better to stick to doing same right thing consistently regardless of success of individual outcomes as long as you know that it works in the long run.

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