Hey Guys,
The market went down over the weekend. The S&P 500 is now around 4,120 at the time I'm writing this.
A lot of the sectors I'm in got hit particularly hard, namely companies based in China as well as companies in the Energy sector.
My positions in BABA and BHP bit the dust and hit their stoplosses. And I have a couple options positions that are deep in the red. It's not a particularly uplifting way to start week.
That said, I've been in this position so many times before, and you never know when things will change course. I've had a number of times where I start the day with my positions all red, and by the end of the day they're all green. You just never know, particularly in this type of market environment. We've seen a lot of strength in the last few months, and that strength could show up again at any moment. Until the trade is closed, the trade isn't over.
I loaded up on new positions today. In the main account, I bought stock positions for EXAS and NTES. In the options account, I bought options for EXAS and EFA. In the double down account, I bought stock for PDD and LBTYA as well as options for HSBC and MTCH.
If you have any questions or feedback, I'd love to hear from you.