Upside Potential Over Safety

I opted for the less safe route and chased the price of the QLD to $31.61. Rather than following the 20% rule, I set my sights on aligning with the CMI and expect more upside at the risk of buying at the top. One way or another this will be a lesson learned.

My buy occurred near the end of the day as the market swung higher. With a week of good earnings results, this will prove to be the prudent decision. The 20% rule has not been correct 100% of the time. I'll justify my greedy tendencies anyway I can.