I will readily admit, that my entry in this stock, on an intra-day basis, probably wasn’t all that great – I’m already down about 1% on this trade. The markets themselves are still trading higher, and is beginning to look a bit like the anguishing trendy days, where the market is going to do nothing but move higher and higher until the closing bell stops it.

Just like with the HIBB trade, you’ve got to put your stop-loss in place. If you don’t, you really have no business in trading.