Hey Guys,
The market came down overnight right after the jobs report was released. The S&P 500 is around 4,235 right now.
Yesterday was not a profitable outcome for most of my option trades. I got hit hardest with those Energy sector options. Since I'm aggressive with my position sizing for options, there can be substantial swings in either direction with my account value. This time the swing didn't go my way. Keep in mind that you can always dial back the position size if the risk levels feel too heavy for your personal risk tolerance.
On the bright side, 5 out of 6 of my open stock positions right now are showing a profit. That's nice considering that the market as a whole is down.
I didn't pick up any new positions today. Nothing from the watch list has triggered a trade entry yet.
If you have any questions or feedback, I'd love to hear from you.