Well we took a few losses this week, but the jury is still out on the seven open positions we have right now. A number of those positions started out in the red initially only to bounce back with some life today.
It's worth making note of how you felt early in the week while the positions were taking heat and comparing it to how you feel today when the positions are up. Did you feel any anxiety, fear, or anger early in the week about the positions? Do you feel like you suffered in any way? It's amazing to look at those feelings now and notice that they were temporary and that they didn't have any impact on the outcome of the trades (assuming you chose to keep the positions open).
In this case, the mindful patient approach may pay off for these positions. Of course we don't know what tomorrow holds though. But you know what, I'm going to try to embrace it with open arms and just experience it no matter what it brings.
Our position on AMT expires Monday, so I'll be sending an alert Monday morning reminding everyone about closing the position.
If you have any questions or feedback, I'd love to hear from you.