Hey Guys,
The market came down hard since my last email. The S&P 500 is below 4,120 right now. It's about 100 points below where it had been at the end of last week.
Along the way, my CCEP stock position from the main account hit its stoploss. Most of the rest of my account is in the red right now, too.
This a great opportunity to evaluate your position sizing. In my trading experience, account fluctuations like this are not irregular. If the account fluctuation that we're going through right now is overwhelming for you, you can consider dialing down your position size. It lowers your potential gains, but it also lowers the risk and in turn keeps you in the trading game long enough to see the potential rewards in the first place. The key is to use a position size that allows you to stick with it through thick and thin.
I picked up some new positions today. In the main account, I bought stocks for JCI and SHOP. In the options account, I bought options for HSBC and SHOP.
If you have any questions or feedback, I'd love to hear from you.