Hey Guys,
The market is down a bit more this morning. The S&P 500 came down a noticeable amount yesterday, then had an after-hours jump when Amazon reported earnings, but has since fallen back down again.
The good news for me is that I have hardly any positions open right now. From that perspective, it wouldn't affect me much if the market took a dive right now. I don't have a lot of risk on the table.
One of the only positions I have taken this week is on TTE, and that stock has gone up over the last 24 hours while the market has gone down. That's fun to see. On the flip side, my SLV holdings didn't work out and got closed for a loss.
This has been a week of extremely light trading activity for me. I have no new trades yet today. Just a couple weeks ago, I took 17 options trades in one week. And this week I've taken none. The reason is because I don't force trades. I only make trades when the back-tested trade strategy fires. Otherwise I'm not trading with any potential edge. It can be boring at times waiting for the trades to set up, but most of us are here to try to earn great returns, and there are certain periods where the best way to accomplish that might be to stay patient and wait.
If you have any questions or feedback, I'd love to hear from you.