Hey Guys,
The market is down noticeably right now. It had a big red day on Friday and it gapped down over the weekend and is down big again this morning. The S&P 500 is around 5,880 right now, which is about 150 points below where it had been on Thursday.
The good news for us is that I had light trading activity last week. So I almost completely sidestepped all the turbulence from the drop. The main exposure I had was just with DOCU and TCOM, and even then, DOCU held its ground pretty well over the weekend.
I took on a slate of new positions this morning. I typically get excited to buy when the market has a big drop like that because my research suggests that might be when there are the best odds to profit. As always, though, there are no guarantees.
In the stocks account, I bought positions for TSLA, VFC, and MRVL. In the options account, I bought the options for VFC and MRVL.
If you have any questions or feedback, I'd love to hear from you.