Losers in your portfolio are like tumors. They grind away your new tissues and eat into your existing healthy tissues. If we look at losers in that way, it is not too hard to cut them.
Today, I just cut a tumor. Yes it already took away some of my hard-earned money which hurts You can see how much I lost in my GS short position in My Portfolio . Nevertheless,if I did not cut it, it might turn into a cancer. GS went up 7% for no apparent reasons. But the reasons are not important. We traders do not need to know why. All we need to know is what. I believe it is useless to predicate the directions of the market. However, we can react to it.
AMG is doing pretty well. It is not too far from my target. NOV AND MOS were sloppy today. But it is ok since they did pretty well yesterday. They need to catch a breath before they can climb again.
FSLR broke down hard right after the market open. I was gloating. But the general market had a good rally, which prevented a further drop in FSLR . FSLR was very weak today.
15 consecutive profitable months is hard to believe,right? Check out "My Portfolio".
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