Hey Guys,
After Wednesday's huge market surge, there was some hope that the market might maintain the momentum and keep chugging upward. But yesterday, the S&P 500 dropped 200 points, which made it clear that there's still a very high degree of volatility in the market.
I closed the four option positions yesterday that reached their time limits. They did not fare well. I'm in a noticeable drawdown in that account, which is isn't easy to live through and demonstrates the risk involved. My open DG option position has been looking strong so far, so perhaps that will give us a step in the right direction.
I haven't taken on any new trades yet today. The only open trades I have right now are for DG. I have one position in the stocks account and one in the option account. My portfolio is light. Some periods are like that, and as always, I go with the flow and stick to the plan.
If you have any questions or feedback, I'd love to hear from you.