#SPX1dte – Well, today is the type of day I try to avoid at all costs. My first major failure in many months.

The first quarter of the year was so quiet that 100% of my stops turned out to be unnecessary. So I loosened up and let some days breech my stop and stayed in the trade. Then we got a downside warning and I started stopping out again, and to great benefit. However, I was still taking a more relaxed approach, not acting quickly when stop was first touched and waiting for a pullback.

This week included THREE stops, all of which would have been less costly had I acted soon after the first breech.

So lesson has been learned. I will be reacting quickly on stops moving forward, and only slightly relaxed after a period of complacency. Even then, I won’t allow my hope for a intraday reversal guide my strategy.