BAH HUMBUG

Friday I took multiple punches to the groin. It's important to remember that even if we get a bear market and the right side to play is the short side, when the bounce comes you had better respect it because it's likely to be violent. Caught net short Friday morning I did not respect the bounce. Instead of moving my feet I stood still on the tracks and got run over. A mistake for sure that has cost me a good deal of my monthly profit. Not acceptable. I do not like to lose.

It does you no good to fall in love with your positions. If you are getting hurt you need to move your feet. Period. Rule Number One: Control Your Losses. Obey this rule above all others. Close the damn position. Take your money and run when necessary. Any position closed can be re-opened under different circumstances. I've lost more money than I count being afraid of "missing the move". Screw that. Live to fight another day.

Five trading days left. I intend to preserve my profits (and keep my longest ever winning streak alive) if I have to close every single position I have. Period. No room for stubbornness- certainly a fault of mine.