Mentioned in my post about STI on 10 October 2015 here that STI may not reach 2500. So true enough 3 weeks later, now, STI has reached above 3,000. Those who were waiting for STI 2500 said they would still wait for STI to reach 2500 before buying.
I don't think STI will reach 2500 in the near future, so wait until when? Maybe 3 months, 6 months, 12 months? Maybe...
This is what happens when a trader is wrong yet remain inflexible: He just misses the opportunities. One cannot be right 100% in the market, but when we are wrong, we need to put down our ego and update our view accordingly and move along.
I don't think STI will reach 2500 in the near future, so wait until when? Maybe 3 months, 6 months, 12 months? Maybe...
This is what happens when a trader is wrong yet remain inflexible: He just misses the opportunities. One cannot be right 100% in the market, but when we are wrong, we need to put down our ego and update our view accordingly and move along.
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