Sunday, November 11, 2007

On Friday afternoon

I went long the Nasdaq, expecting a bounce which I would carry through to Monday; instead it went to the low for the day! I even averaged my cost down figuring I'm buying it cheap.

Now I'm nervous come Monday morning and not exactly sure how to handle this predicament.

Friday afternoons aren't the best times to take a new position but to consolidate previous ones since there is a two day lag before trading begins again.

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