Had to let Mr. Smith go.......

We bailed on our XIV this morning at$16.25 for a 4% profit. One of our golden rules has always been: "If your trade is not acting how you think it should, you might be wrong and/or you lose control". We never want to feel that a trade is out of control and is acting different then our expectations. I thought the XIV would get a nice bump today-It didn't. Better to step aside then get all emotional about what you expect to happen. Check emails for info.