I lost a little bit this week. More than I’d hoped, courtesy of getting my stop blown out by early-morning volatility (I pretty much sold at the absolute bottom on a trailing stop…. grrr!)

But I think I’m having a single lesson reinforced that I hope I will eventually learn:

QUIT POSITIONING IN ANTICIPATION OF REVERSALS!

While the gains are fantastic when they work, most of the time… they don’t. And I’ve lost much, much more trying to call a top or bottom than I’ve ever made.

The trend is my friend.

And if it’s looking unfriendly, like it might reverse – just stay away. I don’t have to play it.