Last week, we did a piece that took a look at the trade in the Swiss Franc that killed (or at the least severely crippled) Dighton Capital, and here, one week later, we don’t recommend anyone at Dighton peek at what the Swiss has done since.

Turns out, Dighton was right in their view that the Swiss rally was overdone, with the Swiss having plummeted back down about -10% following their exit, despite a slight bump this morning.  But, as Tom Hanks once told Bitty Schram, there’s no crying in baseball, and this sell off shows just how cut and dry the world of trading can be. You either profit or you don’t. To use one more cliche for good measure- almost only counts in horseshoes and hand grenades.

All you need to do is take one look at the Swiss Franc charts recently to understand that being close doesn’t count. There’s more to being a good trader than being right about direction; it’s about timing, too. Just imagine if Dighton had initiated each of their trades about 10 days later than they did… we’d be having a very different conversation right now.