Zero To Hero Challenge Ep12: Back To Baseline

Would you be willing to risk your hard earned money in this market? Probably not, and more than likely most people don't have a lot of spare cash to go around anyways with inflation being at 40 year highs. Crypto seems dead as a doorknob and the stock market is just getting more and more volatile by the day.

All previous gains from earlier this week were wiped out by the end of today. Bitcoin has been caught in the crossfire as equities slash down all existing portfolios. Margin calls are being sent out across the globe while retail traders still hide in fear.

When chaos ensues the usual response is to disconnect rather than jump into action. More often than not people are cowards during these times and wouldn't know what to do even if they weren't. The human mind likes certainty more than anything, especially when it comes to resources and money.

My portfolio has been staying generally flat since I am still waiting on a few options to materialize or form a direction. The $1 covered calls against $BBIG are now out of the money and looking to expire worthless, which is good for me I extract max value. They expire in two weeks and the same with my $FFIE covered put I sold.

This morning since FFIE was up slightly I tried closing the position but was not getting filled. Next week I will reassess the situation because it doesnt seem to be performing that well and I dont want to be stuck with 100 shares of a dying company.