2020: Week 15

After my second week at home, I think I’m starting to find a rhythm. I start by checking headlines on Finviz.com. It’s good way to get a quick idea of what has happened, what is happening, and maybe a clue as to why the markets are moving the way they are. Next, I open Robinhood and see what the pre-market is doing. This past week it’s been steadily opening higher every day. That’s been a nice change of pace. My long Ford positions have been moving in the right direction.

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2020: Week 14

This week was very different for me. I was home all week. My day job as a leather craftsman is non-essential to public health and safety. So, the owners of the company I work for followed the Minnesota Governor’s order to shelter-in-place. It feels weird that staying at home is the best thing I can do right now, but that is the truth of the situation. And I am happy to do my part. Now, on to trading!

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2020: Week 13

A couple things became very clear to me this week. First, I have to modify my trading strategy and style slightly due to the pandemic crisis and due to my microscopic funds. Second, for the same reasons I need to stick with trading one ticker for the time being. I bet if I let you all take a guess, those of you who have read my previous journal entries would be able to guess which ticker symbol that will be.

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2020: Week 12

It was time to pay the piper this past week, and pay I did. The options I sold long before the pandemic hit expired. Options sold in the first week of the pandemic expired. In the former case, I can take the losses with my chin up. I followed my strategy and I got hit by the unexpected. In the latter case I’ll be taking those losses right on the chin. I jumped into a volatile situation I did not fully grasp and it cost me. My premature decision along with my older position set me back $143.

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