Hey Guys,
Despite Friday being a solid green day, yesterday turned out to be a big red day and gave up all of Friday's gains. And today, the market is off to another red start.
It's nice that we locked in those victories yesterday and cleared the decks to some degree before that market plunge.
It's volatile out there right now. At times like these, I am thankful I have a plan. I'm not freaking out or doing any fear-based over-analyzing because I've already done all the research. So my task is simply to stick to the plan. There is, as always, risk involved, though.
I took on some new trades today. In the stocks account, I bought positions for TTWO and IAC. In the options account, I bought options for WYNN and TTWO.
And yesterday, I picked up two different option positions for DD. One was for my main trading strategy, and the other was for the double down strategy. The trades may look similar, but you'll notice they have different strike prices, which is a meaningful difference. They're two completely separate trades.
If you have any questions or feedback, I'd love to hear from you.