tag:blogger.com,1999:blog-2335748440449035592.post4025016803322596567..comments2008-08-23T14:20:11.710-04:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2335748440449035592.post-10924415563459339712008-08-23T14:20:00.000-04:002008-08-23T14:20:00.000-04:001 day does not make a trend but when these reverse they are not falling 1-3%, many are falling 4-7% and it can get ugly fast and I'm just in risk control mode and I'd rather take small losses and give up potential gains than suffer large losses at this point. It is too hard to make up large losses in this environment.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-12987756517304904662008-08-22T21:30:00.000-04:002008-08-22T21:30:00.000-04:00Does 1 day make a trend, though?... It's good to cut out when you know the idea has failed, but why so early? Your post yesterday even highlighted it was going to be an incremental trade.<BR/><BR/>It's probably a good move, but lately the market has just been floating around on low volume without much direction. I'm not sure how much weight I would give to any one day unless there's real strength and volume behind the move (versus a coin toss). I'm also not sure how much credence I would give to a move based on hawkish language by Bernanke.<BR/><BR/>Like you, I like these names and am looking to get back in. Big question is when, though.<BR/><BR/>BDBluedoghttp://www.blogger.com/profile/13620622716492473197noreply@blogger.com