This is pretty much a comment cleaner. Today was probably the worst day of the year for me. I surrendered all the juicy profits over the past week. The losses were mitigated by:
- Stops;
- Some long positions (I wasn't entirely short);
- My IRA, which does really well on days like this
This is also very instructive, because even though I was tempted to do a "neener, neener, neener!" post about gold, I did not. And thank goodness I didn't! Because gold represent really fat profits for me earlier in the day, and in the end, it was responsible for some really ugly losses.
I'll do a post later this afternoon. I always like to talk about how well a day went, but I don't sugarcoat things either – – today was a brutal day for me, and a pretty big disappointment. But it wasn't devastating, and I'm ready to face the market again tomorrow (this time, without Gentle Ben doing his mischief).
