I was just wondering how everyone has been holding up the last week or so.
I have been studying share trading and stock markets in my spare time for nearly 2 years and went from theory and paper to the real thing about 3 weeks ago. My timing has been impecable hahaha. So after my first 3 weeks my trading capital is down about 12% (could have been way worse). Not quite the start I had anticipated. I certainly didnt expect to get things right from the start but I thought the more ground work I put in before I started the better prepared I would be. After my 3 weeks I have questioned just about everything I have read because most things have not worked as anticipated but now the dust has settled for me anyway and i have accepted that this is just what happens, can happen and will happen again no doubt in future.
I guess my question sort of is what signals where there apart from hearing in the morning that things went pearshaped in the states, where there obvious signs that this was going to happen?
So now what do you do? close out of everything long (if your still have positions open) and sit back and wait and watch for whats happeing or go bargain hunting?
I'm interested to hear how some of you seasoned traders have handled the last week or so and what you think the probabilites are of things going further south or north or even east.