We cashed out of everything today. We ended up taking a small loss; however, we are upset with the performance. We went against our rules. Now, who would have ever known that the markets would have rallied so hard on thin air. The point is- it doesn't matter.
1. We didn't set stop losses on our trend trade.
2. We didn't fold when we lost sight of where the markets were going.
3. We didn't believe our computers.
These are very important rules and although we paid a small price for the errors today- they are not acceptable. The losses could have been large if not for the counter trades set a few days ago.
One cannot play this game without following their rules. We decided to step aside for a couple days because it is getting twisted in here and we did not follow our rules. It is becoming pure gambling and we are not comfortable with that. Check emails. We will ony check the markets at the end of the day for formations. Until then cash is where we rest.
