Decision Practice

Managing Adversity

10 scenarios · Advanced

Scenario 1 of 10
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Portfolio Down 15% in a Week

Your $150k wheel portfolio has dropped to $127,500 in a single week. You have 3 open CSPs (all underwater) and 1 covered call position. You have $30k in cash reserves. The VIX has spiked to 35. Markets are in panic mode with bearish headlines everywhere.

What is your immediate action plan?