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You have to survive

You have to survive
Every day is a battle, survival is rule #1

Friday, March 18, 2011

The market is looking like it could move back into an uptrend and then i could exit WTW for a smaller loss as it hits a prior high that was created after entry. Ill take a loss on this one since after making the trade its huge gap up is not a good buy signal at all. It was expected to fall after the mega gap but i didn't know that.

I read someone's else's commen on marketwatch.com and it reminded me of how ignorant people are about how currencies work. Average people ALWAYS consider a weak currency a bad thing and a strong currency a good thing. Since America CHOOSES to have a weak currency, for good reasons, average people always bash on the US dollar for being so weak. I guess average people will never learn that "strong" doesn't equate to "good" and "weak" doesnt equate to "bad". you could argue that a weak dollar forces us to pay more for imported stuff but a weak dollar also helps our businesses compete globally which is a good thing. No one ever knows what they are talking about and mentions any of that. Strong good.....weak bad.......hmm......meat good........fire hurt......

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