Hi Tom..
Jason Kelly had a great quote in a recent newsletter. He has a 9 Sig strategy very similar to AIM and trades quarterly.
“It’s inappropriate to refer to rising prices as “winning” and declining ones as “losing,” because both are part of a profitable process. The metaphor I like is respiration. Neither inhaling nor exhaling is preferable, but part of the necessary package. Just as we don’t think of inhaling as winning and exhaling as losing, nor should we assign those labels to price movement. Hence, February showed a decline, that’s all, and one we hope persists another month.”
Take care.
Jon
