Markets were due for correction after a good run in end-2010. The Egypt’s uprising is just a convenient excuse for people to associate with the market’s correction. It could have been Australian flood or whatsoever. Humans just like to find reasons and make assumptions. I have been long the market and hence, ended up in losses for the month of Jan. No excuses from me.
Actually, for the past few days, I have done something very different from the past. I saw opportunities in buying some stocks at the retracement, with the intention to hold them out longer so as to ride the bigger trend. Somehow, I seem to shift towards investing than trading. I see a much potential gain in positioning myself to ride the bigger trend in this final bull run. Hence, I have taken advantage of this correction by picking up some bargains and maximizing my capital ......