Well Guys, we're on a roller coaster ride with the market right now. Yesterday the market took a big plunge after the morning session, but in the last hour of trading it came all the way back up near where it started the day. Then overnight it went up a lot, yet now this morning it's back near where it ended yesterday. This market is like a bucking bronco!
As always, I'm just going to stay cool and stick to the plan. Back tests suggest that most times, the market has almost like a gravitational pull back upward in the long run. The market might bounce and swerve, but I'm just going to stay focused and keep executing.
Today there are no new trades yet. For those of you who follow my watch list, you saw that there were only four tickers on there for today. That's a pretty small watch list. It's because almost all the stocks that have been in up trends recently have already met the pullback entry criteria over the course of the last couple weeks as the market dropped. So there aren't many up-trending tickers left that haven't already pulled back to their 20-day moving averages for our target entry. We'll wait and see if any of the handful of tickers on the watch list end up triggering soon or not.
I closed my stock position for OKTA today. It came out barely above breakeven. I still consider that a nice victory since I bought it before the big market drop that occurred between Friday and now. Somehow OKTA held its ground through all that.
If you have any questions or feedback, I'd love to hear from you.