Thursday, May 1, 2008
The Gart-Man Is Right
This marks the second large gap in posts I've had, so my apologies for that. This one is due in large part to the trading vacation I am (and will be) taking for a month. I am announcing a walk-away after the severe pain I just suffered in this last down turn. I referenced Dennis Gartman in the subject because on CNBC's Fast Money the other day, he made the statement that he is out of the market all together until things calm down. Now that the dollar will start to rally slowly and the bubble has burst on us, there is no telling exactly what will happen and when. Therefore, I need to take a break from trading and not return until I have the proper mindset. Nothing is more dangerous that trading out of spite against the market or against yourself. Neither one is very forgiving, and actually, the market could care less WHO you are. Happy trading to all and best wishes to you. I will likely continue to post now and again to keep myself up to date, so check back every now and again on me. I'll be back though, you can count on it!
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