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Bad Start for the Week 19-20 September

 I started this week expecting another down day but the market had other ideas and SPY rose in value. Thinking this was just a temporary spike I sold my call leg figuring I could take profits then gain on my put when the price retreated. Once again the market didn't care about my wants and held firm into a small closing rally.


I locked in a $44 gain but my put was down much more. Normally my rule is to cash out at the end of the day but I felt like this rally wouldn't hold and I could find a better exit on Tuesday. Which was true, the next day things dropped and I was able sell at a $46 loss. This wasn't ideal but with Monday's gain it kept me about even. Turns out I could've waited things out and made a profit for the week but I didn't know that and was starting to worry that the market would launch into a rally going into the Fed announcement.


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