Hey Guys,
Yesterday, the market ended up going down more than 100 points after my morning email. This morning, the S&P 500 is up about 45 points at the time I'm writing this. There is volatility in the air.
My AKAM stock position bit the dust yesterday after hitting its stop loss. The market turbulence has been rough on my portfolio this week, and this is a good example of what it means to live through drawdowns. It's not easy. But let's see how the rest of the week unfolds. The market has shown a ton of strength over the last few months, so it wouldn't surprise me if it ultimately rebounds from this.
I took on one new trade today. I bought shares of CDNS in the stocks account. There haven't been any new option trades yet, but I already have a ton of open option trades as it is.
If you have any questions, just reply directly to this email.
Eric