Hey Guys, well the market is still choppy.
Dating back to the presidential election, there have been a number of sharp downward thrusts in the market, but up until this point they were always followed immediately be a strong rebound. On the current pullback, the market is not immediately rebounding.
I don't know exactly where the market will go next. But I can tell you that a lot of the biggest portfolio gains in back tests came during market pullbacks. That certainly does not mean I necessarily expect the market to go up from here or that I'm saying profits are around the corner. But it means I have no hesitation to continue taking the trades that set up, even with the uncertainty about whether wins or losses are on the horizon. In back tests of my trading strategies, there were plenty of trades made in similar market conditions, and the results of all those trades are factored in to the back test results I published.
It can be quite challenging to take trades during a choppy market environment like this. For one, a lot of positions go against us when the market goes down. But also, it's hard watching positions that were up strong (like PYPL) turn around and take a nosedive. This type of trading is not for everyone. But this is all part of the journey in my point of view. These same things have happened in the past, and this isn't new. I like having a rules-based approach to use so that I can stay consistent and avoid playing guessing games about the market's direction. I lean on the long-term tendencies revealed by the past in back tests.
If you want to talk about your trades at all, reach out any time! I'd enjoy hearing how things are going for you and supporting you in any way that I can. And remember that I fully respect that each one of you gets to make your own trading decisions, and that you are not obligated in any way to directly follow my trades. So no matter what you choose to do in your trading account, I totally accept you and your decisions and am happy to talk with you about your trades or anything else for that matter.