I recommended getting in at a higher price. And only 25% chance we would get a W dip. Now I don’t know whether the current rally is sustainable. I assigned a 20% chance for big rally, and 55% for tight range. Today’s price so far is only 3% more in XAU, and 4.5% more in HUI compared to last Friday’s closing price. Given the volatility of PM, I may still consider that PM is trading within a range. So far, the chance of a deep dip is slim. But I still won’t rule it out.

Obviously, the difference between you & me is that I’ve put in 50% of my cash, while you have not. This is the mental calm that I’m talking. If you try to catch the absolute bottom, you actually may end up chasing the market when you don’t get anything at the bottom.

I will be taking a wait-and-see attitude. I am not in a hurry to buy into market now, but selectively, I may put in 10% here or there. I will probably put in more, even at a higher price than today’s if I think the market is solid. But of course, I will prefer a pull-back.

Many stuffs about the stock trading you can’t learn it from books or websites. You simply need to lose some money or opportunity here and there, and learn from the real world experience. And if you can learn it from a one-time experience, you’re superb. Most people keep repeating the same mistakes over and over, because they never learned about the reactions between themselves versus market (especially emotionally).

Good luck.