Discipline. It matters…

“Endurance is one of the most difficult disciplines, but it is to the one who endures that the final victory comes.” — Buddha

The markets have taken a nasty turn down intra-morning here.   That said, it’s Friday….and I’ve heard more than one trader ponder outloud to me today “how should I be positioned into this weekend?”  That probably means that we’ll have some more volatility intraday here…probably some flashes to the upside and some flashes to the downside as the markets play out the last four hours of the trading week.

I’ve done some buying recently at these levels, including in names like Riverbed…and while I’d like to add some more to that one today, discipline dictates letting the stock trade out a little bit here before committing more capital to it.

Discipline.  It matters.