Day 35- Patiently Waiting

Market opened up higher this morning but failed up against the 100. It then proceeded to grapple with the 50 below it. I am looking to by RIG but today just did not present the opportunity. A famous trader once said that the key to buying stocks is patience, similar to a cheetah stalking its prey. The cheetah knows that it is not as big and strong as a lion; and only has one burst of energy to hunt at a time because it cannot keep up a chase consistently in the heat at that rate of speed. It uses the rest of the day to recharge in the shade. If it does not get the kill the next time, then the cheetah can starve to death. So it has to be calculating, much like a market trader.

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