Hey Guys,
The market is down this morning. The S&P 500 is around 4,350 right now, which is a good chunk below that 4,400 level that it reached last week.
I picked up a full slate of new positions. In the main account, I bought stock for IWM and USB as well as options for JD. In the options account, I bought options for USB and RTX. In the double down account, I bought stock positions for JD and MS and options for MS.
A lot of times, when the market comes down after a nice run, it can trigger a lot of trades for me. And clearly today, that's what happened. When taking on this many trades, it can result in nice account balance swings when things go our way. Some of my best profit explosions came from situations like this. But, as always, there is real risk involved. Let's see how this unfolds and whether it pays off this time.
I manually closed my stock position on ANET this morning since it reached its time limit. That one locked in a partial loss.
If you have any questions or feedback, I'd love to hear from you.