Trade Alert: Portfolio 1 - Risk Off
Reduce Risk as much as possible
Date: March 23, 2026
What Happened Overnight
Almost couldn’t sleep last night.
Gold futures dropped all the way to 4100 – the equivalent of $377 on GLD. A very painful price for our gold positions. Oil was rising. Volatility was expanding. ES futures were down hard.
Then a tweet hit. Everything reversed. Traders who were short and making money scrambled to cover before getting killed – and that short-covering fueled the up move even further.
We used this bounce as an opportunity. Not to celebrate. Not to add risk. To reduce.
Closed 7 positions across SPY, SPX, /MES, and /GC. Cut delta by 470 points. Freed up over $115,000 in buying power. Dropped BP usage from 40.3% to 25.8%.
Now we have dry powder and we’re ready for the next down move opportunity that can come at any moment.
