Hello Trader, Last week I got out of most of my positions. I'm doing what I've got to do to protect myself. In times like these, I'm not worried about the upside, I'm worried about protecting the downside. Right now, I'm focused on managing position sizing, navigating the markets, and getting ready for some chop! You can read more about why it's important to [Protect your Ass...ets! Here](. Despite my cautious attitude towards my portfolio in this highly volatile environment, I am still looking for trading opportunities when they are set up. On Friday, despite significant market weakness, we got a great long setup in CFVI. Here is some of my commentary from my live trading room: Dec 3, 2:09 PM Jeff Bishop (Moderator): starter on CFVI @ $11. I'll build and probably hold over the weekend with Trump media rumors Dec 3, 2:29 PM Jeff Bishop (Moderator): still adding CFVI... Dec 3, 3:19 PM Jeff Bishop (Moderator): CFVI & DNUT. Only safe havens are Trump scams and delicious donuts. Love this market Dec 3, 3:20 PM Jeff Bishop (Moderator): I'm gonna keep buying the Trump scam though. Nothing wrong with that. I plan to hold into Monday too Dec 3, 3:26 PM Jeff Bishop (Moderator): The ONLY reason I would see the markets bouncing from here is the fact everyone is so bearish right now. The biggest rallies come in bear markets Dec 3, 3:29 PM Jeff Bishop (Moderator): just no way the social media clowns aren't talking up CFVI all weekend. Then I want to sell them my shares on Monday much higher from here Dec 3, 3:35 PM Jeff Bishop (Moderator): I now have an irresponsible amount of CFVI into the weekend Dec 6, 8:11 AM Jeff Bishop: I'm scaling out of CFVI in the pre-market, trying to leave some for the market open Dec 6, 9:36 AM Jeff Bishop: all out of CFVI now from Fri.... As you can see, despite my focus on risk in my overall portfolio, I was still able to load up on a great long setup on CFVI. You see, not all stocks follow the market, when certain stocks have a news catalyst they can have independent order flow. Moreover, despite my focus on protecting my Ass...ets I understood that the market could have a nice bounce on Monday, which it did, but I don't trade with FOMO. For me, until the market shows me it has settled down, I am not focusing on the upside, Iรขยยm worried about the downside. [Click here to see my reasoning behind this trade in CFVI!]( Jeff Bishop RagingBull, LLC
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