Going Off Track

Around 3:20pm, I sold three longs around S&P 1512-1513.

It was a slow reaction to a predetermined level.  Recall the recent past, my frustration with getting chopped.  I think I brought this frustration into the trading session today.  Even though I set the groundwork premarket, using my clear morning mind, I waited to pare down longs until several handles below 1515.75.  In hindsight, I see the active seller easily dictating price the entire session.  I have excuses, like getting pulled into a meeting.  My VPN went down also, forcing me trade VFR.  And as frustrating as that was, the connection has been spotty since last week.  It should have been corrected over the weekend.

I had a minor victory however.  I had buy orders lined up for RGLD.  Whether or not that trade pops tomorrow morning doesn’t matter.  It was a late play after a series of deviations from the plan.  If you’ve been following along, I also missed my scale in CCJ.  That means I have to eat KRO chicken instead of WFM.

I suppose that’s my observations of my performance.

It was a delicious and powerful countertrend move.  Come on, something had to be done.  The 2013 rip has been massive!  I can’t imagine being Scott Bleier during this, blowing gaskets.  However, it is only a countertrend liquidation so far.  It could be the start of something bigger.  However, diligent and methodical observation will tell us when that’s the case.

I plan to correct going off track much like American Hero Lance Armstrong who was and always will be a legendary athlete and cancer ass kicker:

http://youtu.be/RtZhG2kWVLY