In today's From Theory to Practice, Dr. Jim analyzed his portfolio positions, recommending a "do nothing" approach for his MES ratio spread and MNQ short put positions. He noted that his Costco long call spread (880-890 strikes) faces challenges with the stock dropping to $855 following an analyst downgrade.

Despite market hesitation, Jim expressed confidence in the potential continuation of the Santa Claus rally, noting the success of recent seasonal rallies. He emphasized position sizing as the critical factor in avoiding major trading mistakes, advising traders to maintain manageable risk exposure ahead of important economic data.