I have found, after much soul searching, that deep down what I honestly value more than anything else is quality; doing one’s best in the manner of the responsibility and craftsmanship of a number one.
The reason I bring up this quote is because of the “half-assed” nature of my recent VLO trade. I spotted the divergences, resistance levels and low risk entry, so I decided to jump right in. While it was low risk, and I still feel the stock is going to fall, I don’t consider it a quality trade because there were a plethora of better setups out there that I ignored. Furthermore, when stalking divergence trades, one of my rules is that I always wait for confirmation of the divergence. So the small loss isn’t what bugs me, it’s the fact that it was a crummy trade.