Hey Guys,
The market is in roughly the same place as it was yesterday, which is down from its highs. The S&P 500 is around 4,550 right now.
There is some divergence in the market between different industries right now, and some back-and-forth price movement within them. The tech sector is a good example. It started out taking a hard hit yesterday, but then recovered to a large degree by the end of the day.
To me, that's a sign that patience might be needed, as it often is with trading. We don't know how these trades will play out, so even if I take heat on a position, I try to stay calm and give it the space to breathe.
I had two positions get closed since my last email, one for a profit and one for a loss. My MGA stock position hit the profit target, while my PHG stock position from the main account hit its stop loss.
I took on some new trades today. In the main account, I bought stock for BSX. In the options account, I bought options for PM and BSX. In the double down account, I bought options for DKNG.
If you have any questions or feedback, I'd love to hear from you.