Hey Guys,
The S&P 500 had a noticeably red day yesterday and then gapped down another chunk overnight. The S&P 500 is around 6,580 right now, which is the lowest price we've seen since last November. There clearly continues to be volatility in the air.
I took on some new positions today. Both of them were in the stocks account. I bought shares of SPOT and ROST. My stocks portfolio is starting to fill back up. I'm up to five active positions again. It feels nice to have a little more skin in the game there. Let's see how these trades turn out.
I still only have one active option position. So I don't have a lot of risk exposure there. Perhaps that helped me over the last 24 hours since I largely sidestepped any turbulence from that market drop. I'm just going with the flow and sticking to the rules of the trading strategy.
If you have any questions, just reply directly to this email.
Eric