It's not a very smooth ride in the market right now! It's bouncing all over the place. We took some losses this week and we're taking heat on a lot of our open positions.
In the short term, it sure can be hard to live through drawdowns. I try to keep in mind that over time, the stock market goes up. It's been going up for more than 100 years. So there is a reason to be long in the stock market over the long haul. The trading plan I use is basically an aggressive approach that, when the market goes up, might pay off handsomely in many cases, but when it goes down, it packs an extra sting. The extra potential return comes with extra risk, and it can be a tough tradeoff to live with sometimes.
I want to emphasize that this is a great opportunity to learn about yourself. What emotions and reactions are coming up? Are you ok with having these types of emotions in your life? Although volatile periods like this may not be the norm the majority of the time historically, they are still definitely an inescapable part of the journey. And we aren't even into a truly deep drawdown right now. If you can't stand the feelings you're having today or this week, then it means either you might want to consider dialing back your position size or that maybe this service isn't right for you.
I support each of you 100%. If there's anything I can do to help, reach out any time! In the meantime, I'm going to stick to the plan and keep executing the trading strategies that survived and typically thrived in a back test of 20 years worth of market conditions.