A follower on StockTwits was kind enough to point out how $OCN had rallied sharply after I’d cut my long position. I said it was OK, I’d obeyed my stop. In the past I’ve tried to avoid keeping the charts of recently closed positions on my screen, I’ve always found it easier to move on …

Jon Boorman, CMT, is a market technician, analyst, and trader with 25 years experience in global equity, forex, and futures markets. He employs trend following and momentum strategies to generate actionable trade ideas.