As soon as we understand what and how the markets work, we will feel a whole lot better and at ease and won't be as frustrated when our stock does the unexpected.
Today with GXY is another perfect example of how the markets work. Lets say that you accumulated large amounts of GXY at much lower prices and you then wait for good announcements to come along and sell to the happy trader. When the markets turn and the happy trader panics and sells you are there to buy them back again. This happens all the time, it is part of life, you may work in all different time frames from intraday to LT, you just have to think almost the complete opposite to the average trader. GXY will no doubt be a winner in the not to distance future you just have to remember that this profit taking or manipulation or whatever you decide to call will always be here, so there is no need to be surprised with what the SP does next announcement.![]()
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