Mid-Day Update

Well folks, here we are on the 4th down day and in the C wave.  So what are we going to do about it? The same thing we’ve done before whenever we get into these type of markets. And that is not to get emotional.  One of the reasons we can handle times like this is because of trade size risk management. If you employ it the way we do?  You will never get blown out of the water, sure once in awhile you get a scrape or bruise here and there but that’s really about it and honestly? That’s par for the course in any endeavor.  That is what allowed us in the market sell off back in August to only get to a point where the total value of our portfolio only went under water for the year for about 2 days and about 2000.00. On a 170,000 portfolio? In a full market melt down to only have that type of impact on us?  By using trade size risk management the way we do it allows you to never lose your cool and always stay on an even keel.  Don’t get me wrong, I’m not happy about today’s action but I’m also not going to get myself wrapped into a tizzy because of a moment in time subject to the next moment in time and that is all this is- A Moment InTime. I too also understand the markets are two way streets, always have been always will be.  Much like  we’ve talked about not buying strength or breakouts the same applies to breakdowns and weakness.  We buy weakness and we sell strength.That goes for what we currently are holding. There are better days than a day like today to sell.  Especially AFTER we’ve been selling off for 4 days and every technical indicator under the sun is flashing about as oversold as can be. So what do we do?  Why we look at what our issues are doing, we sweat it out in here.  I’m not saying we wont walk away from a few issues in the near future but the time to do so is on strength not weakness. We did that in August and we may consider it this go around. One thing is for sure though and that is we will take it a

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