Week of April 29

Biggest week of the year so far. QRA, FOMC, NFP. AAPL/AMZN ERs for dessert.

Recap of last week

It’s so easy to say you are going to load the boat at 5000, at 4800, at 4200 or whatever major support. Then when we finally arrive at that level, everything looks like hell, there is fear, panic, and uncertainty. Most people make an excuse or invent a reason and chicken out at the worst possible time. If buying these corrections were easy we would all be rich. Most people capitulate at the lows and lose their nerve. Not us and hopefully if you needed any additional encouragement I was able to provide that.

We had one of our best weeks of the year. Banked over 150+ points in ES.

Got long ES again the day before MSFT/GOOG.

The biggest gainer was a massive (4x-5x my usual size) call position that has doubled from the initial entry. Will update on how I am managing that position below.

Next move for markets