Bring on the pain! Uncertainty is your friend when you are looking for a bargain- buyers are still shakey and sellers are itching to sell. This year has been nothing short of a battle day in and day out. We had an early push in Q1 which has corrected back down to more reasonable levels by the end of February. I got caught up in the pullback yet again with my equity exposure.
It's been a while since I last updated this series and since Episode 26 there have been many trades. I sold my Tesla stock a bit early before the rally peaked along with just about everything else I held Then I sold cash secured puts on Mullen Automotive (MULN) resulting in a fairly large loss. I was assigned to buy 1300 shares as a result of my poor timing of the market and capitulated to move onto a better stock once more information was revealed.
Mullen had some drama where the CEO dumped shares and they are facing a delisting if they don't increase their trading price. In order to get out of the way in case of a bigger drop I just took a loss and moved on to buy over 200 shares of Bakkt Holdings.
Now the strategy is to wait for a big bounce on BKKT whereby I can sell covered calls against my shares.
Meanwhile I was considering loading up more cash to my account while we are seeing some bargains across most tickers. Potentially looking into picking up Palantir or Rocket Mortgage shares while they are down.
Until next time!
