27 Feb '12, 8am
Confidence or Over-Confidence
Perhaps I had been a little too cautious to call on time to this rally last week when some technical indicators began showing some retreat being on the cards. Of course, I have always believed in trading with the trend and in an uptrend that hasn’t been broken, my view of this uptrend is still in tact. But what I cannot stomach into current trades are the increased volatility and hence risk. Having said that, that does not mean I am suddenly turning bearish. I am just liquidating some of my holdings to make for a leaner portfolio so that my risks are well managed in this volatile and slightly backforth swinging times. I am also more cautious in identifying stocks to purchase and holding our for a clearer macroeonomic/STI development.