ATTENTION: CHANGE OF THOUGHT!!!

I have had a change of thought and decided to get out of my short position in the MIDCAP 400 futures. I assumed I was stopped out b/c the overnight high was higher than my stop, but due to a computer "error" on my part, my stop order was canceled (On Wednesday night, I perform an automatic backup of my trading system. The system backs up all my charts and trading strategies, and afterwards, shuts down the computer and restarts...this cancels any working orders)...It was just pure luck that I did not get stopped out for a $330 loss. I got out of the trade when I turned on the computer this morning for a $200 loss.

Here is my thinking: The Russell was in a very similar situation a couple of days ahead of the Midcap. I wrote about possibly taking the long, but decided against it...for many reasons which I talked about (the lack of proper risk/reward profile on the trade, etc...Another reason I didn't take the trade was b/c the Midcap looked similar but for a short. The two are different indexes....but on the whole..they trade somewhat relative to each other. Being long one and short the other makes ok sense for a hedge...but on a common sensical level seemed pretty stupid to me-at least as far as wanting to make money.

Right now, the Russell 2K is still looking bullish and the Midcap broke the recent highs. I looked this morning again, and actually thought about it in bed last night, and right now, it looks more of a buy than a sell.

Since I am confused...I do nothing. Take a small loss...and watch. My gut tells me getting out was a great thing to do. Dicipline dicipline dicipline. The great trades will present themselves. Don't push an ok trade while praying it works out. That NEVER works out.

Good luck.

Andy