Monkey Throw Dart: Cost of Doubt

Tuesday, September 8, 2009

Cost of Doubt

My decision to deviate from the CMI and buy the QID while the CMI QLD trade continues higher may be the final blow. If the market goes higher tomorrow, I'll bite the bullet and get out of the QID trade and never doubt the CMI ever again. How's that for humility?

The CMI is posting a year to date gain of almost 18% while I am pushing single digits. The YTD results in the sidebar for the CMI have been updated. I will hold off on posting my trading results until I get out of this trade or until I add to the position. The only good thing is that I put on half a trade, so I'm only feeling half the pain.

I firmly believe the market will fall sharply but I'm a little early to the party unfortunately.