I hate to take losses, but looking back on 2014 trades so far, I am glad I have had “some” discipline following sell rules. Many (almost all) of the stocks I sold that were down 8-12% have continued to slide further into the abyss. I have rotated into other things, some have worked, some have not. But better than just holding and hoping the old things come back. If the market does continue to rally, hopefully the new things are better performers than the old things.