Rather than try to capture a couple percent in a pullback and risk losing my longs I am willing to endure this pullback.
I wrote this statement last night, feeling that playing a correction was too tricky. Timing the correction was even trickier than I imagined it would be as the market turned on a dime this morning and did not look back. I have traded my way out of too many good intermediate term moves looking for a pullback and did not want to make the same mistake again. Have a good night