To Busy Today

Trading and massive post on the blog kept me away.

Well, I said about the SDS trade, "Why? Just in case the ABC is completed and there is more correction here than expected. I hate to be late to a party." That turned out to be the call of the week.

I hated the trade and thought we still had C up to come. The strength and the room to run up in the dailys got me. This morning I warned that my gut did not like the market. I knew that C would be it. Should have held the SDS thru the loss. It was a very well timed trade.

I have unfortunately not participated in the fall cause I was not chasing the gap and there was still a chance the B leg was playing out. In a rare event, the gap did not fade but kept running. So, I am not in. I don't chase things.

I hate losing trades and my not willing to let the SDS trade slide even slightly negative got me. You have to take some pain to get the gain, and in this case, sadly, my pain is for not willing to hold the play. I believe the posting here influenced my moves somewhat. If I had kept my standard 3 to 5% loss limit in place, we would not be having this discussion.

Live and learn. Looking for an entry to get 5 of 3. Bastards!