Coronavirus cases surpass 1,000,000 (CNBC article). A speculator such as myself would think that would be horrible news for the economy and markets?
Two of the three stocks I am holding on to happen to be oil stocks, see portfolio. I anticipate oil to be one of the most volatile commodities to trade or hold on to in 2020-2021. With the extreme volatility, I am content to sit and hold for now without putting on any options trades. I need to ensure I have enough capital to withstand the market’s knee jerk reactions. I’m more than aware that a 9% gain today could be 10% loss on Friday as markets swing from headline to the next.
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