Hey Guys,
The market is down some this morning. In a few hours, the Fed is going to announce its interest rate decision. The market could get volatile immediately after that happens.
Both my LVS positions reached their profit targets this morning (stocks and options). My stocks positions for TDOC and ALL both reached their time limits, and both ended up in the losing column. Both TDOC and ALL flashed into the profit zone a couple days ago, but they couldn't hold that momentum until the end of the trade.
I picked up some new positions today. In the stocks account, I bought positions for TEAM and HRL. In the options account, I bought the options for HRL.
I have a full load of positions in both accounts. With that interest rate announcement coming today, it could cause a noticeable shift in my account values for better or worse. I'm going to stick to my normal plan with all positions in order to stay in lockstep with the back-tested approach (which accounted for things like Fed announcements). But if you want to sidestep the potential volatility, you can consider lightening your position exposure.
If you have any questions or feedback, I'd love to hear from you.