It has been a while since I have done this because I have hardly traded in the last couple of months. This is partly because I am a bear at these levels but it’s also because, being in it for the long haul, I don’t see the need to constantly trade as long as money is being made.
Anyway, as you can see, I am up around 7% from March compared to the 9% enjoyed by the KLSE. And this is despite me not putting enough money to work and being a bear. This is because I believe in systems. A system removes all emotion from your trade and breaks things down methodically so that you act when the time is right and not when you feel it is right. It is a little bit like having a well organised football team. It doesn’t matter which team or country or stadium you play in, your good football team is well trained and well organised enough to do what is right to give it the best chance of winning under any circumstance. That doesn’t mean that I do not read editorials or other blogs to get an idea of what people think is going to happen. But that’s a job for economists and analysts. Not traders. Like I always say:
Don’t spend too much time thinking about where the market is going. Spend time thinking about what you are going to do if the market goes there.
Happy Trading!
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