CAN’T COMPLAIN, BUT I WILL ANYWAYS
It's a trader or investors nature to complain regardless of how good things are going. This is a game where you could always do better. It can become maddening at a certain point, if you get too critical regarding your every move.
It's so important to keep your mental state stable whether you do this for a living or as a hobby. What is more important is discovering a strategy that allows your mental state to remain in optimum mode for the longest stretches of time. That is key. Most people take years upon years to realize this...and a majority give up without realizing it at all.
It is impossible to remain in a "zen-like" state, without interruption. However, if you know yourself well enough, you can design a strategy that prolongs a positive mental state. I believe that this is one of the most important components of a trading strategy, as this game is 90% mental and 10% system.
I could have done some things better this week. One thing I am happy about is that we bought more of our oil/gas spinoff and advised Zenpenny members to do the same last week when it was dipping. It was up 26% this week. Sellers are absent in the stock and it's a difficult one to buy size in when it's going up. Last week was one of the rare occasions when I bought stock as it was dropping for that exact reason. I'm a believer in buying into strength and not weakness, with last week being a rare exception.
The rest of our names were more or less flat this week. Minimal volume, minimal participation. Just undiscovered really. It's not their fault. And I know that eventually they will all make similar moves to the upside. Not a matter of if, simply a matter of when.
Technology permitting, I will be putting out a video this weekend going over some chart points. Also, our popular "10 charts" on Sunday.
Hope everyone had a profitable and peaceful week.
