The whole point of this challenge was to make the number go UP! But lately it seems my trading account is determined to go the opposite direction. This past week Im down around $80 because BKKT and BBIG both took a whooping.
Not much I can do but stick to the plan here and let the market sort itself out. Perhaps I will begin to look for diversified stocks moving forward. Being overly reliant on one thing is always bad.
On the plus side it doesnt look like I will be getting called away on BBIG. I havent opened up any new Bakkt options since it dropped so significantly this week, I am far below my cost basis.
Once the FOMC meeting happens and we see what kind of rate hike is coming then the market will resume its consolidation and recovery path. I believe the worst is behind us now as the majority of the bad news has been priced in.