Thursday, April 12, 2007

Stupid buy in IPG and no watchlist..

It was not actually a stupid buy, just another trade that failed to perform as expected. I am almost expecting positions to turn against me these days. The markets are surely testing my mental fortitude, but I shall not yield. You can see my notes below and everything looked good. Had the FOMC grown some balls or the markets realize that the minutes were not a surprise, everything would be okay. Looks like I'll be closing both PSA and IPG in the AM window...F' me.

IPG:

No candidates todays as the bearish day did not help print any bullish candlestick patterns. I'll wait to see if an early morning rally can save my positions, but I am not too optimistic. I love losing money, it makes my days so enjoyable (sic).

For now,
Masterjaz out

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