Next trading day focus(10/3/08)

Greed and fear of missing opportunity again controled me today morning. I Didn't follow my dicipline and bought DRYS, DSX, GNK, EGLE, CF, AGU, TNH at 8:30am. At the time DOW was down 88, before noon, dow was down 230 and going down, my "investment" had lost over 3000. It again caused by my immature. Later I added DGP, SLV to hedge. DRYS and TNH were stopped loss and secure 1000 loss!!! What a lesson. I violate all my decipline which I said must abey. My excuse is that BDI only drop 35 today and Cape index and Panamax index are up. That shows shipping rate is stable now. Senate passed bailout plan by 74-25 margin and Congress will vote on Friday. Given the margin in senate, it should be passed in Congress without doubt. So, market is poised to go up. At least temperarily. Today's unemployment data is worst in 7 years. ISM manufactral index is 43.5, close to worst btw 01-02 recession. Market is really in deep water. But I still believe shipping company will rebound. So this time, I'll bread my decipline and hold the position to test my vision.