Hey Guys,
The market took another sizeable plunge over the weekend. The S&P 500 is down around 4,040 right now.
That dragged a bunch of my positions down with it. One of my futures positions hit its stoploss (and so did the corresponding stock equivalent trade). I also had a bunch of stock trades reach their time limits this morning, and all but one closed for a partial loss.
My account is showing almost all red right now. And as much as it might stink, it's part of the journey we have to go through as traders sometimes. There will be periods of drawdown and strings of losses.
In the moment it can seem terrible or downright devastating, but having lived through these situations so many times, I can tell you that it doesn't last forever and you never know what's coming next. I've seen days where it's all red turn into all green by the end of the day. I've seen a bad losing week followed by a blockbuster winning week.
The big challenge is there is no way to be sure what exactly the market will give us next and therefore we face real risk with each trade we take. So there might indeed soon be greener pastures in the coming days or weeks or months, but that doesn't mean it's easy to live through. Either way, I'm right here with you taking these same trades.
I picked up some new positions today. In the main account, I bought NXPI and SWKS. In the options account, I bought options for AAPL and SWKS. In the double down account, I bought stock for VTI and options for MRVL.
If you have any questions or feedback, I'd love to hear from you.