Good morning traders,
Hope everyone had a good weekend.
As per my post last Tuesday Post#: 79371533 I have over the past week and specially after the news regarding the Middle East on Friday as per my Post #: 79420681 closed off quiet a few positions and reduced my overall exposure to the markets in general by significantly reducing my trade size.
Will be looking to close off some more positions today & over the coming days apart from some long expiry oppies that I will continue to hold for now and only taking on very few trades for the time being where I see considerable value in stocks that become severely oversold in the current environment or one of my lowball bids I’ve placed on some stocks gets filled.
Sadly, I believe that things may get much worse in the ST and while I sincerely hope I’m wrong, my number one priority as we enter into a new trading week will be to protect & preserve my capital.
Take care out there all and tread carefully. Alwaysprotect your capital that way you can survive to fight another day.
Have a fantastic day & happy trading all.
