I didn't pull the trigger today. I watched X US Steel, IWM Russell 2000-ETF, SNDK Sandisk most of the day but did nothing.
I wrote about feelings not having a place in the market. I can hedge that statement. When getting out, due to a stop loss, or the market moving against a person, feelings are often a trap. When getting in, this can often be the case, but it is not near as dangerous when feelings warn against entering a position. There is always another stock to buy or short. There is always another day to trade. Compare this to being in and refusing to get out, or doubling up on a losing position. For most mortals feelings will betray a trader. A few have the gift, but even those gifted traders have to exercise discipline at times.
Current positions:
ADM, EWJ, HPQ, JPM, MCD, PGR
all are hedged, long stock, short calls
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