On this momentous morning, which could either be one of the most important inflection points in market history or another Taco-driven bore-fest, I’d like to discuss an important phenomenon that I’ve experienced more than once in my life. It is best described in steps:

1. I uncover a spectacular opportunity by way of my charts
2. I write about it and position myself in that investment
3. I am expecting it to “behave” perfectly, but it moves against me to a small degree
4. I become disillusioned and frustrated that it is not doing what it “should” do
5. I dump it at a loss out of exasperation
6. It moves against for me a little while longer, making me feel good I’ve made the right choice
7. It then proceeds to make precisely the kind of magnificent move I predicted the entire time