Neutrality

It's important to keep in mind to have a sense of neutrality when trading the market. As many of you who have been with me for awhile, I'm a bear, but, really, money can be made in either directions and money is money.

Even if you love making money to the downside, staying neutral is important. It's when we have biases to either direction that causes us to have the need to be right is when we lose our edge on the market and make foolish mistakes, such as "hoping" things will turn in our favor.

Be okay with whatever direction the market or your stock goes to and make adjustments as necessary. If it means getting out of a trade that's going against you, do it. If it means adding to a position that is going in your favor, do it.
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