Time Is On Your Side

If your positions are swelling in value, appreciating amidst this rally to all time highs, you are in a unique position ahead of the final month of the third quarter.  You are leading the pack, out front of the wave of money swelling beneath you, and your job is to catch that wave and ride it.

This market is demonstrating more of a ‘when’ than ‘if’ uncertainty if you are in the right charts.  The key is purchasing enough time if you choose to use options or sticking patiently with the common if this is your choice.  Do not tighten your stops unless you know exactly where you are in the market ebb, otherwise you are likely to be taken out by noise flow.

Deciding when to enter a position is in your control.  Determining how much risk you are willing to commit to an idea is in your control.  How you manage your position is in your control.  Once the position is on, your fate is out of your control.  Being right or wrong is now a matter of the direction of price and to commit much energy to this activity, an external event, is a waste.  There is no point.  Instead exercise willing acceptance, of all eternal events, right now at this very moment.  That is all you need.

Focus on your process, your plan, your method of entry, your risk exposure, your profit targets, and then review your actions and reassess your plan.  Do this over and over again to cultivate an continued learning experience.  This will save you from damning the ‘they’ and any other force which moves the market.

If you are just barely ahead of the game, use your patience, take pride in your plan, and let time work for you.

I did not buy anything today, but I really like the look of a few of my current positions, notably P.  I also love the negative sentiment surrounding my ONVO, what a dump of a stock 🙂