Trade Findings and Adjustments 02-21-2019
Well Crap !!!! Our markets are down on good news?!?!?!?!!
LAST Night the futures were up 100points on the DOW and 256ish on the S&P 500
SO if none of the economic reports, headline news, stock news is more important than the China Deal what do you do?
Do you start Adjusting? NO
Do start liquidating? NO
Do you start panicking? YES but you don’t start trading
SIT and wait, Give it a day
Take a breather – Nail your hands to the chair
What ultimately makes this decision to wait come down to one thing = How much have you lost today
Yesterday I made the decision to purchase a bull call spread and thought it was a good buy at $5.50 per contracts
As I look at positions during day I am comparing how the total portfolio value = 83 accounts are fareing compared to the S&P500
I am looking at dollar cost averaging BECAUSE I believe, think and Hope that this is a one day blip