Current drawdown from maximum true profit earned in 2014: US$3988.56
Change from last week: -US$2004.50
Directional stance: (Still) awaiting a pullback.
It's been a quiet week due to the Thanksgiving holidays in the US and many traders in the US presumably going AWOL. The markets have crept up, resulting in more drawdowns for the portfolio. The range of movement in the week has been really limited. This typically precedes a large move (either upwards or downwards). Again, as mentioned last week, it is not fun to trade against the trend but the pullback is going to come (eventually..)
The situation now is akin to fishing for prawns. You keep throwing in bait but catch nothing, and your bait is being depleted. Except that the bait is the premium kind that costs more than a bit of money every week. Oh well, all part and parcel of retail trading haha.
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