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Commitment to Excellence

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There's going to be good days and there's going to be bad days...and then there's going to be days that just are. Through it all, any given situation (or person) will tug at your sleeve and try to throw you from your game. My friend John Brett used to say "Take care of the minutes and the hours will take care of themselves" and I can't think of a more appropriate way to end today's column. If consistency is going to differentiate our performance, the mechanics of our swing must remain constant regardless of the pitch.

Don't get me wrong, I'm not immune to human emotion. As a matter of fact, my friends will tell you that I'm particularly emotional at times! However, if you're going to find success in the world of trading, you must strive to remove it from your process. There are surely times that you want something so badly that you can taste it but, if nothing else, we've learned that hope isn't a viable investment vehicle. When in doubt, err to the side of caution and live to trade another day.

I did the Texas two-step today (no pun intended) and slipped in and out of a trading appendage. I'll hop home tonight with one leg in my metaphorical bear costume (25% conviction) and the knowledge that I did the disciplined thing. This continues to be a critical juncture for the tape as the S&P closed right near resistance and the NDX is trading near its previous November high. If (big if) the Nazz fails from here, every technician and their brother will point to the double top (bearish).

I wanted to take the time to respond to some frequently asked questions. Minyanville will launch on December 3rd and we'll be keeping the entire site free through year-end. As of January 1st, my column (along with some others) will cost $10/month (free for qualified students). Our intent is to deliver informative and educational content at an affordable cost to all readers. As a matter of fact, once the University of Minyanville is back in session, we'll be rolling out classes that will be free for anyone who wants to learn about finance and the markets.

Once again, and on behalf of Casey and the critters, thank you for your continued support and kind feedback. Energy is a powerful thing and we're feeding off the good vibes of the readership. More importantly, and above the prospects of our fledgling site, please take a deep breath and appreciate the good fortune that we share. There are some evil people in the world whose goal is to destroy the fiber of our beings and our way of life. By living well and laughing often, we've found a profitability that can't be measured by dollars and cents. And that's the best trade of all.

Have a peaceful night.

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 todd@minyanville.com.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

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