The Human Factor

This is why there will be no perfect investing machine. MSTR gapped up this morning so our trade needed some adjusting. The technical indicators for a continued downtrend are pretty strong, so today's big jump up, not based on any fundamental news, could be triggered by a lot of things. I moved our entry point down to $3.40 and was able to pick up the contract for $3.20. MSTR has continued up this morning, but I'm willing to let this one play out for a little while. The gap is a good reminder as to why we don't place market orders, or even limit orders while the market is closed. You need to place your orders after the market has opened to be able to adjust to the movements of the market makers. Think of it as a waltz with an 800 lb. gorilla!!