I'd like to tell you about my trading day. It was a profitable day – – not wildly so, but profitable nonetheless – – but I think I learned at least one good lesson today that is worth sharing.
As a preface to this little tale, I'd like to provide a few quick reminders:
1. I greatly prefer the short side of the market. This is a curse and a tragedy, but it's how I tick. For whatever reason, I am put together in such a way that I'd rather be short a given security than long. I think I'm old enough to recognize that this is just who I am, and thus, Slope tends to have a very bearish bias.