Reducing Risk
I bought SPY call spreads yesterday and have decided to sell the position for a small gain. I am looking to reduce risk as my portfolio names are doing poorly. When my portfolio is doing poorly I cut my lowest conviction positions. My goal is to be able to ride out the higher conviction positions. My trade from yesterday was lower conviction.
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1 comment:
It looks we are in down trend and can go to S&P 1320 or 1280 or 1250. I would buy at 1280.
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