It is much easier (and fun) to manage your investments in a flat or up market. Down markets take knowledge and skills that I am improving but still have lots to learn.
Market has been tough the past six days. Doing my best to protect the gains from the past year…and have cash available if we see some bargains. In the past week I have reduced the number (tried to keep the less volatile stocks) and size of the positions. In the chart on the right the green line is the swing in cash (from carrying margin of $150,000 to cash of $100,000).
Hopefully we can continue to protect the capital and have either the patience to wait or be successful in testing some bearish strategies.
Unfortunately my Schwab accounts have been hit harder as the positions are much larger and more complicated to get in and out of. The iron condors are holding up…so far…but if the market keeps falling they will create some challenges.