Hey Guys,
The market is back around where it was yesterday at the time I emailed. The S&P 500 is hanging out near 4,440.
I picked up a full load of new positions today. I bought stock for ZS and UBER in the main account as well as options for SHOP. I bought options for UBER and SPLK in the options account. And I bought stock for SHOP in the double down account.
After today's purchases, I've got a lot of risk on the table. All three accounts have a bunch of positions, which means I have risk exposure. Sometimes, having that much risk on the table can pay off big time, but it can also of course have the opposite effect.
And as of right now, things are leaning in the "taking heat" direction. I hit a few stop losses since my last email: HAS from the main account, GPS from the main account, and ALNY from the double down account. But I have a lot of positions still open, and for those, it's not over until it's over. Last week I was in the red early in the week on all my options positions and came away at breakeven overall. So I'm going to be patient, follow my trading rules, and allow these trades to take their course, wherever that may lead, knowing that I'm in lock step with the backtested approach.
If you have any questions or feedback, I'd love to hear from you.