With the market yet to produce a buy signal, those who lack conviction on the long side may find it difficult to hold on to a long position when there is a short-term shakeout in the market. This is why it is always important to plan the trade and trade the plan. Most of us are guilty of an impulse trade every once in a while, but for short to intermediate-term swing traders, this should not become a habit. Getting in and out of positions quickly, based on short-term intraday moves, is a pretty good sign of over trading. When this happens it is best to take a short break from trading to clear the mind.

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