Hey Guys,
The market went up yesterday and is holding its ground so far this morning. The MES futures (which correlate with the S&P 500) are up around 4,135 this morning.
I haven't taken on any new positions yet today.
Yesterday at the close of the day, every single one of my open positions was showing a profit. This morning, though, some of the positions have come back down. AMD, for example, has come down a chunk today.
It offers a good opportunity to practice patience and mindfulness. Since these are swing trades (as opposed to day trades), we can allow time for these trades to work their course. We can let them breathe. It's not abnormal for them go in varying directions on their path to the finish line.
So I try to stay cool and just go with the flow. I know I'm following the back-tested approach, so I don't need to try to change anything.
If you have any questions or feedback, I'd love to hear from you.