When you sit down and think about
All the good times that we've had
There's a girl right next to you
And she's just waiting for something to do
One of the most disruptive and unproductive things a trader can do is look back and lament over lost opportunities or missed trades. I offer this thought in response to the many conversations I've had with my brethren who constantly talk about the wouldas, couldas and shouldas. Although some would argue that I'm simply A.D.D, I prefer to use the word "sweeping" when describing my ability to forget the past and look forward. Remember, it's entirely ok to learn from your mistakes-that turns them into lessons-but profitability lies in the trades ahead. Think positive, Mon frere.
The Minx has stabilized somewhat and the four-letter freaks continue to exhibit tendencies of accumulation. The breadth is still skewed hard to the negative but it's interesting to note that the upvolume/downvolume on the Nazz has almost pared off. Looking at our sector bases, the best acting groups thus far are soft goods, storage, hardware and energy while the weakest link remains the financials.
Whoa, it just it the tape that Iraq accepts the U.N resolutions and the tape is catching a bid. I'm stopped out on that 25% appendage and just got very busy. Is the defense sector a short on this? Not sure...just thinking aloud. Gotta hop.
Hope this finds you well.
Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at email@example.com.
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