Taking more heavy losses -- now four days in a row.
My tolerance for pain is reaching maximum.
The market has decided there is too much risk in owning China names and I have suffered by holding on. The market is saying get out but the market is impulsive.
I learned that the market can turn on a dime and not look back.
I learned that my habit of taking profits is a good one -- one that I need to do more often when I feel like the profits are coming too fast, too easily. Always recognize that feeling. Locking in profits is always a good thing.
Don't be in a rush to put cash back to work. If you ever feel rushed, fearful, giddy, or greedy -- you are about to make a big mistake.