"The stock market is never obvious. It is designed to fool most of the people, most of the time." -- Jesse Livermore
It's no fun watching your stocks gap lower and continue to weaken.
I took losses today for sure and am now back to close to even for the year. That's fine and dandy, as it does happen that you get caught. I'll have no problem making it back, but what really bugs me is losing subscribers money. I can handle my own pain, but hearing your pain really affects me.
I'm so sorry. But we will get today's losses and much more back. There will also be more tough days the odd time. It is just the nature of the beast that is trading.
I almost always let a half an hour of the day pass before making any moves, and I did that today. But it was a mistake. I could have limited some losses had I sold earlier.
Hindsight is always 20/20.
I'm back to all cash, except for our high-paying and well-performing dividend stocks. I'll probably be all cash for the next few days while we see if this correction will be deeper or not. I will also be looking for dip buys anytime now since those have been the way to go lately.