Did not cut Wilmar

Well, I did not cut Wilmar. Maybe it is intuition from experience or maybe it is just the emotion of fear and hope (hope is a form a fear, eg. you hope you will get promoted, because inwardly you fear you may not have a chance. Otherwise you should know and expect to be promoted. But hope really has no place in the market, because you never know what to expect or rather you expect the unexpected).

But I did think and analyse and intuit that a rebound may be in the works. Dow's high is higher than previous session's high, STI seems to be in the process of taking out the previous session's high too. And if Dow continues, chances are high that Dow could test 9400 again in the next few days.

Yes, maybe some of you may feel I give too much leeway to my stops, not really respecting it. Well, I use my left AND right brain to trade. Mechanically using the left brain only as in pure systems trading is like using one leg to walk. You may hop vigorously for a while, then you fall.

I say risk management is paramount. Stops are tactical tools, TA and FA strategic tools. They are TOOLs. When I risk only 1% per trade, I remove a lot of emotion from my trade. And I can use my tools with clarity and whole brain function instead of just half the brain.

Thank you for reading!