Hey Guys,
The market is down to start the day. The S&P 500 gapped down 50 points overnight.
In my case, I don't have any positions open, so it doesn't affect me at all that the market is down because I didn't have any risk exposure to begin with. That's one nice thing about have a light portfolio.
Days like these (ones with little or no trading activity) are not always easy to live through. Sometimes a feeling of "fomo" comes up, where it feels like we might miss out by not being in on the action.
What I remind myself is that I'm simply following in lockstep with the backtested trading approach. Sometimes, there are periods with little or no trading activity. It's normal. The key here is that I'm not taking trades willy nilly just for the sake of having something to do. I only take trades if they have a backtested edge and meet my trading strategy criteria.
So today there are no new trades. We'll see what tomorrow brings.
If you have any questions or feedback, I'd love to hear from you.