Again, I am sipping my daily morning Long Black..and I am going to share some thoughts here. NO..not about the bail out things. I don’t care. Market will go wherever it wanna go, do you really think the bail out package will turn the shitty market condition around? uhm…whatever…

Ok, my fiancee and I take Tram (One of the most crappy public transport in Australia, if not in the world..:lol: ) to work every morning. I noticed some interesting behaviours.

Everytime when you hopping into the Tram/Bus/Train/MRT..do you normally take the first available seat? or do you just keep walking towards the end of the carriage to look for the ‘BEST’ seat?

There are 3 types of people. 1, grab the first opportunity in front of him, grab the first available seat (Nah, I am not asking you to fight with the 70-year-old mama for that seat). 2. Keep walking , keep thinking of there’s a better seat at the end. 3. Just keep walking, just being blind of everything.

Type 2, and 3 normally will hit the end of the carriage, and realise, ‘there’s no more seat!’. While the type 1 might miss some ‘better seat’ though.

Nothing is absolutely right or wrong. But do these 3 types of passengers remind you of trader personality?  Which type of passenger are you?

Just another piece of rant before I finish my coffee..

A lady from Shanghai office was complaining to me. She has been working hard and save but, yet, still unable to buy a small apartment back in Shanghai, China. According to her ‘source of information’, there will be a second round of price hike, inflation after Beijing Olympic game.

I can’t solve the housing affordability problem for her.Her question to me was “which currency should I buy now” (what she meant was, which currency is worth buying now, she sees Chinese Yuan (CNY) is going to depreciate soon for some reasons). I did not have a quick solution for her. I first response was GOLD.

“But Gold is expensive now, how about USD?”
“Dollar is in trouble and weak, I am not into it, and there is no clear positive perspective of the American economy”
“But, it has been depreciating for so long, it should be bottomed now”
“……”

We read or hear this kinda conversation again and again. Inside our mind, we are afraid of high, and we like to bottom fish. How many times have we made our investment/trading decision based on the feel and fear of high?

Did you ‘feel’ Dollar was cheap a year a ago? Did you ‘feel’ GOLD was expensive a year ago?

Think……