Hey Guys,
The market is down this morning. The S&P 500 has been battling at the 4,200 price level since the opening bell. That's almost 200 points below its recent high from just a week or so ago.
I had one stock position hit its stop loss on Friday (LYV), but that seems like nothing compared to how bad it could have been if I had had a typical slate of positions going into that downturn. I continue to feel fortunate that I was patient during that middle part of October and didn't force any trades. It wasn't always easy living through that period that had no trades earlier this month, but the market's recent tumble suggests it may have paid off and helped me avert some potential losses.
I took on some more new positions today. In the main account, I bought stock for MCK. I bought options for MCK in the options account this morning, and midday Friday last week I bought options for SE in there. In the double down account, I bought more stock for LSXMA.
You might have noticed that I have a position for LSXMA in both the main account and the double down account. Even though they're for the same stock, they have different entry prices and exit prices. I treat them like completely independent, separate trades.
If you have any questions or feedback, I'd love to hear from you.