Good Riddance

Coming into today net long, watching the market get crushed and still coming out ahead is a small victory. Small victories aren't going to get me anywhere.

It occurred to me last night that getting long here is bit too cute which is why I took some longs off the table first thing this morning.

Honestly, I couldn't be happier now that July is over. It's been a month of distractions (vacation) and whipsaws (everywhere). In the end the market was flat for the month. Maybe now we can find some direction.

After trading like a god for about six weeks the last couple, since returning from vacation, have been tough yet I've not sustained major losses. Therein lies the key: limit your damage when things aren't going well. I feel more confident than ever that my next big hit is just over the horizon, which is important because it keeps me from pulling out my hair after a month like this