Treat Your Positions as They Treat You; Chess Moves

In the markets, just as in life, it is often best to develop a certain disdain for things and people which do not treat you well--Ignoring them is the best revenge, rather than trying to placate them or stoop down to play on their childish level.

For this reason, I religiously cut losers and do not look back. Although you can see how a ticker symbol behaves after you exit the position and then punish yourself all you want with woulda-coulda-shouldas, the reality is that moving on to the next trade without feeling one way or the other about whether your previous trade wound up crashing or rallying is the best strategy. 

With this in mind, I cut my CRTO long this morning at $42 for a loss, from my $45.59 and $46 entry, honoring my stop-loss. The position failed to get going to the upside and then weakened this week, compelling me to sell out before the weekend. 

So instead, I will focus on three open positions of mine which are treating me well, namely my long SRS (ultra-short REITs), long ERY (triple-short energy stocks), and short CAT. 

Of the three, the ERY could be on the radar for me to add to it.

On the updated XLE hourly chart, below, if we see the triangle breakdown hold true today I would consider an ERY add.