Hey Guys,
The market is rebounding to some degree this morning. There's no way to know for sure where it goes from here, and in my mind we're still in the thick of the volatility. I'm just going to keep taking the trades that set up.
I was only able to get into AXP before this morning's market run-up. A few other potential trades actually set up, but there were so many on the watch list (30 tickers!) that I couldn't have a "buy order" in place for all of them. So I only had buy orders in for the ones I thought were most likely to trigger, like I always do, but only one of those actually filled. The market moved up so quickly that I wasn't able to get to any of the other triggered setups in time. I felt more of a jolt of frustration about that than I did about the recent drawdown on the account! I'm normally a pretty fast-moving dude, but I couldn't quite catch any of those trades before takeoff.
That said, since we're in a volatile market, the prices might come right back down in short order. The market condition back in early March had similarities to what we're going through now. Huge down days followed by huge up days, and it just kind of kept flip flopping. And then one day the flip flopping stopped and the market started driving upward. That doesn't mean that's what will happen here, but it wouldn't surprise me to see a lot more flip flopping ahead. We'll just have to wait and see what happens-- there's no way to know for sure.
I did just get into ENB too. And I sold my position on CCI since it hit its expiration.