Tom’s Election Week Plan: We’ll Be Fine, Let’s Be Patient for Opportunities

Election week is finally here…

I’m sure you’re just as tired as I am at the hype, the mud-slinging, the name-calling, the finger-pointing, the “anonymous sources,” the phone calls, the emails, and everything else that’s been filling up our newsfeeds and our attention spans during this grueling 2020 presidential race. 

We probably won’t know the outcome tomorrow night – or even Wednesday or Thursday. Heck, we may not even know by the end of the week (or next week!) who the President will be in January. It will surely make for a lot of noise, and it’s a bit unpredictable exactly how everything will play out. But there is one thing I can guarantee, no matter the outcome… it’s this… 

We are going to be fine. 

Everyone is glued to their computer and TV screen as ballots are counted across the  country this week. For many people, anxiety is going to be at an all-time high… 

Not me. If there ever was a time for steel in your gut, that time is now. Successful trading is always about taking things just one day at a time. And sometimes that means being patient. 

The markets are going to be a bit unpredictable until this election is over. There’s going to be a lot of volatility. That’s why I’m taking it easy at least until after the dust settles. Let’s not lose our heads out there.

Do me a favor: Make sure you drink plenty of water and get some rest this week. Eat three meals a day. And try not to let all the noise make you queasy. 

I’ll check back in with you later in the week…

Talk soon,

Tom

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