Hey Guys,
The market had a roller coaster day yesterday. After gapping up big before the open on Thursday, then it dropped like a rock throughout the day and went down 85 points from its peak high. The market rebounded a bit overnight, and right now the S&P 500 is hanging out around 5,280.
The timing of that plunge wasn't idea for me because I had so many positions open and because I had some option positions that needed to be closed at the end of the day yesterday. All four of those option positions ended up with a loss, and in general there is a lot of red in my portfolio right now.
That day wasn't fun, but to be clear, there will probably be plenty more days like that. I've lived through tons of them. They go both ways, and living through them is definitely part of the journey with this trading approach.
When the market has a big red day like that, I'm typically pretty eager to take on new positions. And I have taken on a lot since the last email. In particular, I bought a bunch of positions in the double down account in the afternoon yesterday since they were triggering left and right.
And this this morning, I bought stock positions for PSA and OKTA in the main account. I bought options for FXI in the options account. And I bought options for BIIB in the double down account.
If you have any questions or feedback, I'd love to hear from you.