Hey Guys,
Yesterday, the market had its first "major" red day in a month. For the last month, the S&P 500 had been having some little 30-50 point drops, and the market always rebounded in short order to those. Yesterday's drop was 100 points, so it's a bigger magnitude. It will be very telling to see how the market responds.
I took on more new trades today. In the stocks account, I bought positions for IWM and CFG. In the options account, I bought options for IWM and DD. You'll notice that the IWM options have a Tuesday expiration, which is different from the normal Friday expirations I typically have for all my other option positions. That ticker simply has more expirations available since it's an ETF.
I now have a big load of positions. Last week, there was a point when I had almost no risk on the table. Now, though, I have seven stock positions and four option positions. So at this point, I have a lot more risk exposure. There's no way to know for sure what will happen next in the market, but I feel comfortable with this risk exposure given how the market has performed over the last month. Either way, as always, I'll stick to the plan and see where it leads.
If you have any questions or feedback, I'd love to hear from you.