At the top of the cycle you write policies for everybody, no matter how bad, and at the bottom you cancel everybody, no matter how good. It's a manic-depressive cycle. ↗
The Moving Finger writes; and, having writ, Moves on: nor all your Piety nor Wit Shall lure it back to cancel half a Line, Nor all your Tears wash out a Word of it. ↗
Another misconception is that an order is canceled when you hit 'cancel' on your computer. But, the fact is it's canceled only when the market gets the cancellation. ↗