Well… that was one crazy month…one crazy quarter!
In fact it was the first time a quarter sold off more than 10% and finished in the green overall.
To say the least, it was a historic quarter, and highly unlikely we’ll see anything remotely close to it for the rest of the year. That doesn’t mean we won’t see the market go lower from here, because that is a very possible. What I am saying is that, the extreme volatility both to the upside and downside combined, isn’t likely to be repeated in such a short time frame.
So if you survived this quarter, give yourself a pat on the back…if you were profitable this quarter, then you need to throw yourself a freakin’ parade!
Because if you can manage the emotions, and stick to your disciplines during the most extreme of conditions, well then my friend, you are going to do just fine as a trader then.
I have been trading stocks in some form or another for over 20 years now, and I can honestly say that what we saw here in the first quarter wasn’t anything I had ever experienced before. Yes, I have seen big pullbacks and monster rallies, but to see it like we did here was very outside the box. And that is okay, because the market requires constant adjusting. I didn’t get out of the blocks very well to start the year, and it took me adjusting how I managed my positions and how frequently I traded to make sure I made my way back to profitability and I did and the portfolio is in the green.
So yes, February was good, and now we can close the books on a solid month in March. Go ahead – see for yourself:
