More market volatility, but this time in our favor for the time being. Yesterday when I wrote my daily commentary, every one of my stock positions was down. As of the time I'm writing this, every one of them is up. Pretty big swing! And no way to tell for sure where things will go from here.
No new positions have triggered yet this morning. CVS went up and hit the price target this morning for a profit. And isn't it amazing to notice that some of these tickers that seemed like they had no hope (COF) are now profitable (for the time being). You can never tell what the future holds. That's why I love to stick to the rules and be consistent -- so that I don't have to try to predict what will happen next and can lean on back-tested repeating price patterns instead.
Trading during volatile times is such a challenge because historically in back tests some of both the biggest losses and also the biggest gains came during periods of volatility. It typically isn't easy to trade during volatility because for many of us we are faced with deep-seated fears about losing money. I wrote a blog article yesterday that talks about how some of those fears might stem from our childhood, and how we might be able to work with some of those fears.
If you have any questions or feedback, I'd love to hear from you.