Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough. Click here to learn more.
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If you’re running some of my money, I don’t want to hear anything about what you’re “feeling.” I want to hear all about what your decision-making #process is signaling... ...So, on last week’s US stock market bounce, I sold Tech (see Real-Time Alerts for my #timestamp) in my p.a. AFTER the probability of a Quad 4 in Q3 scare rose. No, I didn’t sell Tech (XLK) at the low-end of my @Hedgeye Risk Range (at last Monday’s lows). That’s basically like hitting on a 6 in Blackjack. “Tilting” that way (selling low and chasing high), is not a smart way to play The Game. |
