I am a bit disapointed with myself. When I saw the lower high double top towards the end of the day yesterday, I knew I had seen what I wanted in order to get short. Realizing that my stop would then be this double top, or ~993, and knowing that my risk tolerance for these trades is 3 to 4 handles, I should have entered just below 990, say 989.50. I was too slow with all the thinking and the market just got hammered, and my entry was hurried. People say it is the exit that matters and not the entry. I say baloney.
If you know both yourself and your enemy, you can win a hundred battles without a single loss. The Art of War (Chinese: 孫子兵法; pinyin: Sūn Zǐ Bīng Fǎ
"La sabidurÃa no vale la pena si no es posible servirse de ella para inventar una nueva manera de preparar los garbanzos." - Gabriel GarcÃa Márquez, A wise Catalan in "Cien años de soledad"