Roller Coaster Emotions

Two days ago, Tuesday, I posted about the importance of "Patience" and how even thought it felt like a good time to set sail (buy a stock), the forecast was not clear. The forecast is never really clear but unless you have conviction in your decision it might be best to stay at the dock. So yesterday, I felt slight disappointment as I looked out at a beautiful day (the market was up) and I was still sitting at the dock watching. But today, so far, the market is down.

I've talked about having "The Right Mindset" for trading as you have to be extremely level headed and be able to manage your emotions. A win is a win and a loss is a loss, never get too happy with your results and never get too sad either. Remember, to try to keep it fun, you have to be able to lose it all.

Here's this week's roller coaster:
  • Monday S&P High 2999 Low 2982
  • Tuesday S&P High 3008 Low 2958 "Patience"
  • Wednesday S&P High 2990 Low 2953
  • Today (so far) S&P High 2986 Low 2963
"Patience" is a recurring theme. See "It's Finally Storming" from earlier this year.

Fair winds and following seas!

Trading Tide Levels:
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This is for informational purposes only and the information provided does not encompass all possible or probable outcomes and nothing posted here is an indication of future results. Nothing in this blog is a guarantee or promise of future investment returns and investing in stocks or bonds carries risks including losing your entire investment. I do not recommend, advocate or endorse any third-party links, resources or advertisements of any kind. Any investment decisions are recommended to be in conjunction with a Certified Financial Planner, a comprehensive and personal financial plan and all other components that make up your own financial situation.

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