First things first. Sold my trading position in GLD. Stop was $90. That level was violated at the open and I'm out. No emotion. Up is down and black is white. So be it. Not unexpected.
With that bit of business out of the way I proceeded to go on a drunken buying binge like some coked up money manager. Regardless of how it works out I feel pretty good about having covered most all of my shorts yesterday. Today would be painful had I tried to justify my positions rather than just reacting to the market's verdict.
As a trader you are going to be wrong about half the time. The whole key is to admit it quickly and cut your losers.
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