A rough day today as the Nasdaq dropped 5% just after I bought a few in the overnight session. I all, we dropped $1070 today, giving back almost everything we made the last two days.
Trades today:
- Sold our QQQs
- Sold our NET
- Sold our TMHC
- Added a couple shares of PYPL
We still have a lot of profit left in our remaining positions. Tomorrow will be about closing positions if we need to protect the portfolio, and trying to hold the top quality we own. I will not hesitate to sell everything before work if I’m not comfortable with the market, because I have no problem buying it all back Monday if that’s what is called for.
We did make about $300 in the QQQ put we have. Tomorrow I will likely sell a $260 strike put that expires next week against it. That’s all for tonight, happy trading!
Stock Tips Freaky Fast 
Yes, it was a difficult day. Remember, the market is closed on Monday (Labor Day)……
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Absolutely. And that can affect the action tomorrow, no doubt. People are not typically anxious to step in and buy dips before a 3-day weekend. Although, today’s selloff was not news-based, it was technical. So it might be different.
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