I tried to jump the turn in the market before it actually turned. I saw some indicators turning, but in reality anything important has been long for awhile and was still there on Friday. The hardest behavior to correct for me is staying with a trend when in the past I’ve been so quick to reverse. So I did the hardest thing today I moved my shorts to cash in the morning (taking decent losses and saving myself from worse losses) and took a small index long. I know it may be the wrong thing to do, but if I’m going to lose, I want to lose the right way. Losing incorrectly is often a bigger psychological strain than when your indications are right and your position is opposite of them. This happened to me in Oct. 2008. Except this time I’m correcting the issue immediately and not hanging around to see if the market will comply with my “thoughts.”

FDO, HOTT, and PTRY were on fire today. They were picks from last week that I was buying before I was supposed to be buying them. I’ll know for next time, but the good news is the scan I made may be a good one.

Some other stocks on this scan last week were: FRPT, BBBY, DRI, CEC, BJRI, CPKI, NCMI, SNCR, EXP, FDO (of course), PNRA

Thanks for reading

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