Embrace the Hard Trades
September 8, 2023
Turns out, doing the hard thing was the right thing to do after all! Here’s an updated version of this chart:
$HMC had an initial thrust that allowed us to sell half of our position at a double in just two weeks. We then had to endure a couple of months of sloppy sideways digestion, and now we find ourselves enjoying another leg higher.
“Hard” doesn’t mean wrong. Nor does hard mean it’s irresponsible. It simply means that we’ll have to earn it. And when we do, the rewards often make the effort worthwhile.
“Hard” things shouldn’t be avoided. If anything, they should be embraced.
Trade 'em Well,
Sean McLaughlin
Chief Options Strategist
All Star Charts, Technical Analysis Research