The market took a huge dive this morning. It triggered losses in all but one of our open positions going into today.
But remember: that's ok!
Why? Because we're making trades based on approaches that have stood up to the test of time.
One of those, for example, is "buying pullbacks". Does it work every time? No, definitely not. No trade does. But if you look back over the course of history, if there's one trade you can rely on, it's buying pullbacks.
There are still periods like today where you have a string of losses. That's truly par for the course. It's what you have to live through to be ready and active when the profit cycles come. And based on history, there is a lot of potential reward for hanging in there for the profit cycles. The odds are in our favor over time; we just have to stick with it long enough to reap the rewards.
So try to dust yourself off if you can. This is part of the game. The stocks we bought today are top shelf tickers. Deere, Agilent, and Micron have performed beautifully in these situations in the past. It doesn't guarantee the future, but we have some real solid holdings in our hands, and we're taking a measured, academic approach.
If you have any questions or feedback, I'd love to hear from you.