We like to begin our first journal in 2010 to thank all those who have followed us for years. The DJIM members are an important part of our blog as this is one of the main reasons we continue to blog our hearts out. As you all know, trading isn't something which you can master overnight. It's a process and an experience which we all take part to share. There are moments where you feel like you are on top of the world and then there are moments where you feel like you don't even belong in this world. Such is the emotional experience we all have to endure over these past few years. Just as you thought you'd figured this market out and devised a strategy to trade your way to the top, market environment and sentiment changes and stuff you've been doing for years no longer works. Then, it's up to ourselves to change and adapt to the new environment however quickly as we can and "learn" the new trend. This is about as dynamic of a job as anyone can get.
One thing remains the same though, the human nature and human psychology behind the trading is ALWAYS the same. Greed meets fear and at the end of the day, you have to ask yourself if you are in good enough of a composure to trade another day. We love this gig and we assume you do too. After many years of trading, and after you pass the test to make a comfortable living trading for yourself, it's no longer about money and profit. For DJIM traders, it's about being better at what we do in this super competitive game. It's definitely exciting because once you've been in this business long enough, you never look at the world the same way.
Looking back at 2009, we can all agree that it's the year of turning point. We don't know exactly what place 2009 will be in the history of mankind but it's an awefully memorable year for those who follow the market. Not many other times where you feel like we are on the brink of a global catastrophic collapse in our system, but only to be saved by a miracle. In a way, we are glad that it happened in our time, and in our generation where we had just witnessed something truly special. The stock market, the financial system, and the world economy, have essentially been saved by a series of coordinated efforts from various government. This is unprecedented and it gives us a taste what might be possible in the future. Right now, we are no longer just looking or trading the domestic stocks because growth and performance simply have no boundaries. Many of our plays have come from Far East, Europe, and other parts of the world. We are no longer confined to stocks that affect our daily lives but from everything that affect our environment to our genes.
Heading into 2010, we expect more of the same from this market. The momentum that carried us during the last few months is going to carry forward into 2010. Things are going to improve and we just have to pay attention to the pace. Growth stocks are once again the hot items in town which brings back alot of fond memory of glorious DJIM years. This is what DJIM has to focus on in the new year. If 2009 was a year for the big caps, then we feel 2010 has a shot to be the year for everything but the big caps.
This coming week will bring back most if not all the traders. Year 2010, to many of us, can mean the beginning of something special. Forget about 2009, it's done and over with and what happened last year belonged to last year. We, as traders, have to definitely focus ahead and start fresh. If you had a good year, then it's just a matter of keeping up the momentum and carry it into new year. If you had a so so or even lousy year, it's ok, there's no need to be down because DJIM will be with you to get things started on the right foot in 2010.
Once again, we thank you all for staying with DJIM and hopefully we'll make 2010 one of the most amazing years in our trading career.