Arh... soo difficult

its 2008... so. quickly pass better. Not here to entertain anyone. Just pass by my blog (been deserted for quite while hehe) I want to blog down how easliy swayed or cheated by the market recently. Playing warrents have now been not my hobby but my passion. Yes indeed i learn alot, yet there is more to learn. Take for two examples 1) I predicted that the aisan market will semi crash during early jan and of course it did, crash to 26700++ , the warrent i bought was a put warrent , bought it on 19Nov 2007, then the Fed cut thier interest rates by 0.5 points, causing the market to temporary raise. Fundamentals were weak, yet the market countiued to raise to an uncomfortable level of 28300++ then i PANICKED!! Fck.. PANICKED!! and sold away my put warrents without thinking why i bought it inthe 1st place. Now. See la.. drop till 26700 liao this morning. Ok fine.. i learn that i must not be so easliy swaped by the opionons of the market. Example no. 2. Happens this morning, HSI was at a sarcastically low level of 26700 due to fear. I believe that the coming days the HSI will raise due to another possible interest rate cut by the FED when they meet again on the 29th. Ok fine.. i wanted to buy a call... WANTED...WANTED!!!!!!! BUT...fck again i hesitated! I was fearful like the rest of the market of more possible bear news that will affect the HSI and make it drop lower. Smack my head, the call warrent i was eye was @ 0.115 cents per shares, NOW its 0.160 a cause i wanted to buy 10 lots 1 lot = 1000 10 lots = 10,000
Therefore if i followed by theroy this morning i would have gained $450 ...wtf right. Due to hesitation and hopes of a lower HSI. Damn.

telling myself
1) Follow your own theories and do not be fearful
2) If theory fails, cut loss immediately
3) Plan exit stragetgy , analysis possible gains, possible loss
3.5) What factors to cut loss? If amount drop to how much then cut loss?
4) During 10am -11am this time is usually the best time to enter the market

My next thoery is perhaps .. no i should use this word perhaps , it is very POSSIBLE that the HSI will raise to about say 28500 to 29300 after the FED cuts its rate on the 29th. Then i will buy a PUT warrents once TA and FA is comfrotable with each other .
Reasons: Sub prime is still showing its ugly face, China has yet to act on its inflationary measures, more lawsuits to come, property prices in HK has yet to cool also. This factors i predict will happen during Feb to march like that.
And all God's people say? AMEN!
I WILL buy a put warrent without having the stupid thinking of it will drop some more later
I WILL activate this, on time and on target (set entry price)
I WILL without fear hold on to this warrent for about 1 to 1.5mths.
I WILL cut lose if my thoery of the facts in my thoery has been comprimised too much.
I WILL take profit once it hits my targeted amount