pnb chart as of 30 apr 2014
(click on the chart to enlarge)
remarks:
these are my Philippine Stock Exchange/PSE trading notes ... by no means are these to be taken by the reader as recommendations to buy or sell ... blog contents are valid only up to the date of publication ... the views found herein are subject to change without prior notice ... dont hold and hope! but definitely follow the trend! ... i also occasionally blog about camfrog and repost articles on cats ...
Every forecast of a statistical model can be wrong. Every trading judgment is fallible. If you have a 50% hit rate on your trades and you trade once a day, on average you're going to have an occasion in which you lose every day for a week during a trading year. That doesn't mean you're in a slump; it doesn't mean you should change what you do. It's going to happen and you can mentally prepare yourself--and size yourself in such a way that five consecutive losing days won't take you out of the game.
The goal is not to eliminate losses--that would require omniscience. Rather, the goal is to anticipate losses so that you're never surprised, never overwhelmed, never thrown onto the back foot. True confidence comes, not from believing that you must be right, but from knowing that you can survive and even thrive if you're dead wrong.
How to Deal With the Uncertainty of Trading
http://traderfeed.blogspot.com/2014/04/how-to-deal-with-uncertainty-of-trading.html