Hey Guys,
The market slid down even further yesterday and into this morning. The S&P 500 is around 4,720 right now.
That means we haven't yet seen the bounce back up that we saw repeatedly in December every time the market pulled back. And since I loaded up with so many positions, it means I have a lot of risk exposure right now.
Just because the market hasn't rebounded yet doesn't mean it won't happen, though. I've seen time and time again that you can never tell what's about to happen next in the market. Things can seem gloomy and downright scary, and the next thing you know, there are butterflies and rainbows. I'm definitely not saying that's what will happen here, but I am saying that we don't necessarily have to be so invested in every twist and turn of the market. We can give these positions some space to breathe and see what happens.
I had a couple stock positions hit stop losses this morning: NET from the main account and GDDY from the double down account.
I took on a bunch more positions today. I bought stocks for LOW and DOCU in the main account, as well as options for SQ and SWKS. In the options account, I bought options for LOW and DOCU. In the double down account, I bought stocks for HAS, ZS, and SQ, and I bought options for ADSK.
If you have any questions or feedback, I'd love to hear from you.