Apr. 29 at 11:47 PM
I’ve got quite a few open positions at the moment, but over the past few days I was able to lock in profits on almost all of them. I also entered a
$BABX trade today and picked up some small
$QQQ put position as a hedge.
At this point, I have no interest in giving back the gains I’ve accumulated over the past few weeks — I made that mistake at the end of March and took time to reflect and adjust my approach. Now, I’m focused on taking profits when I see them and using market rallies into key resistance zones to add cheaper hedges.
This year’s market is going to be tricky, especially with Trump back in the spotligh. As a trader, my top priority is protecting risk. If the market continues higher, I’m very comfortable with the exposure I have and would be happy to build further on these positions.
All in all, the focus remains on sticking to my plan — I was fortunate to get early entries in most of these names.
( Note this is my Swing folio, my Long term folio remains firm and no changes to it since buying the dip in early April )
