Daily Report(12/10/08)
(2008-12-10 13:56:38)
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After long set back, I need to restart. Hopefully write daily report every day and weekly report every week to catch up with the market.
Today's stock up because commodity price up. Today's WSJ said energy and agriculture will be good bet in 2009 according to a survey of 200+ money managers. My current position got a big hit during last couple of months, expecially dry shipping companies. I'll hold those stocks hoping commodity pick up next year. I'll also hold my ag stocks. Another article indicates that investor will be more risk averse in next a few years. This would be obvious. I need to think how to utilize this trend.
BDI is 691. Not long ago I thought it won't drop below 1300. How naive I was. Looks like every purchase I made was a mistake. I'm too greedy and put profit over protecing principle. It's a good lesson. I'll need to be more strictly following priciples.
I need to systematically do research on sync trading pairs. I'll work on energy companies for next a few weeks.