Hey Guys,
The market started the morning right around where it left off at the close on Friday, but over the weekend it had a lot of volatility. This morning it's down in the first half hour.
I picked up some new positions today. In the main account I took on a double down position for SYY. I also picked up a new futures position and posted its corresponding stock equivalent with the ticker SPXL. That trade was for the trading strategy MT 71 for those interested. I also picked up a corresponding option position for it using a SPY naked put in the extra options account as well as another options position for SYY. In the low-priced account I bought positions for Mattel and VIRT.
My CAKE stock position in the low-priced account hit its stoploss. That trade has been unhappy since the moment I bought it.
Most of my positions aren't looking too hot right now. But I'm going to practice patience here and let them run their course. I've had many times where my entire portfolio was red, only to all turn green by the next day. You just never know what's coming next. Not only that, but having a period where we take losses in not abnormal according to back tests. So if we can be patient enough to let these trades run their course, it might improve our odds of staying in lock step with the back test.
If you have any questions or feedback, I'd love to hear from you.