Trading under extraordinary circumstances SPY & MMM – 12032020

Written by schattenmann

I never experienced such circumstances in the trading world and i am very sure that i am not alone. This week i closed some of my SPY shorts to take some money off the table and i bought MMM @ 147,31 (too expensive) what i realize today after a huge sell off before market opening ( -9% Dow)

SPY & MMM_20200312

Every day i am loosing money allthough i am partly hedged. I stick with my portfolio and will start to analyze each of my holdings to prepare for the storm. The plan is to buy more of quality companies once the panic is over and to monetarize the hedges. Will it work? Time will tell the story.


About the author