Hey Guys,
The market still isn't happy. Yesterday, the market showed signs of a small rebound to start the morning, but it gave up those gains by the end of the day. This morning it's been down and up. In short, the market is volatile.
Despite the turbulence, my stock position for VRSN reached its profit target this morning, which was a nice point of brightness in a week that has otherwise been dark. Those option positions that reached their time limits yesterday stacked up some losses for me.
When there are tough weeks like this, I like to try to find things I can be grateful for. It's mentally healthy and it can also lessen the sting a bit. Like this week, we were fortunate those LVS trades hit their profit targets just hours before the market dropped. LVS ended up dropping like everything else. And SMCI and HRL held their ground for the most part while everything else was dropping. Obviously the week overall was really rough, but it actually could have been worse, and I like noticing that.
I took on some new trades today for some major companies. In the stocks account, I bought stocks for Amazon and Microsoft. In the options account, I bought options for Bidu. With the market down so noticeably, it might be due for a rebound, and these might be good companies to hitch a ride on.
If you have any questions or feedback, I'd love to hear from you.