Stick and Move...

This is exactly how I feel like when I encounter days such as today. To survive as a trader, you have to think like a fighter. Let your guard down and you'll be exposing yourself to a beating from the market. Despite the days challenges, things didn't turn out as bad as I thought they would. Since today's action did not generate that many earth shattering long opportunities (I only bought BIOD), I took the time to add to some of my better performing short positions (FO, FTEK, MSM). I also added more to my top performing long positions such as IMAX and VSNT. Those were the only two longs that I felt safe adding to. Lastly, I cut a lot of my losers and laggards (such as FUQI and several others). I've also decided to improve my strategy (sort of like an early New Years resolution), by being more selective in my trades as I feel that I have been over trading. I will most likely begin to implement this strategy in January.