Not market weakness, but my weakness. After a series of small losses over the past few days, I went long yesterday afternoon before my timing tool said to. To be fair, it was on the bubble of turning green, but hadn't done so just yet. I also try to trade only late in the day and this I bought somewhere around 1:00pm.
This is a weakness that I have. I always jump the gun and pay for it in the end. There's a chance it may work out this time, but it's still no excuse. I may try to analyze this situation and write a longer post about it.
In any case, I'm long SOXL. I still don't think the market has much upside, but maybe I can get two or three bucks out of it.
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