7/18/2021 Markets dip from all time highs. Sold C on Tuesday and rebought C at 68.25. Also bought WBA at 46.69. Still holding M.

Hi everyone, welcome back. Markets have started dropping this week, and my long positions are not doing very well. I expect further weakness, and futures are indicating a gap down on Monday. Either way, I’m not deviating from my original plan, so I won’t be selling unless the stocks hit my stop loss.

I sold C on Tuesday because of earnings, then rebought it at the same price I initially bought it at (68.25). My position is now 50% larger than before, with a tighter stop loss. I also had a limit order to buy WBA which I thought I cancelled, but ended up buying at 46.69 earlier last week.

I am still holding M, which has unfortunately given up most of the gains I had. I’m feeling excessively bearish again, so maybe it rebounds like it usually does when I feel this way.

C daily chart below. I got stopped out this morning at 65.5 (well below my stop loss), which resulted in a 1.4% loss to my account. In hindsight, I probably should have trimmed or sold the position on Friday to avoid a possible gap down today.