With American Express (AXP) down 40% from the 2020 highs, investors may want to take note. While most investors are too scared to go near this stock, remember that pandemics fade, a vaccine will be found (within months) and mega dips like this are always buying opportunities. This is why I bought American Express today at $82.85. Please understand that in panic the stock can, of course, go lower but I fixed that risk in two ways.

1. Buying small: Buying small allows you to add to the position if it continues to dip. If it does not, then you are participating in the upside. Averaging down gives you a better price over time.
2. Keep a logical mind: Logic is key. Remember, eventually, this passes, eventually business goes back to normal. While it maybe 3, 6 or 12 months away, it will return to normal and people will spend. That puts American Express in a great position to surge if you are patient.

When you stick to technical analysis and logic, money is made. It can be bumpy when stocks are swinging 5-10% a day, but keeping a level head is key.

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