Hey Guys,
The market is continuing to hold its gains since the big rebound earlier this week. That's a positive sign.
After having had a solid performance in my stocks account the last couple of weeks, that AKAM trade came in yesterday and landed with a thud. I bought two stock different positions for AKAM yesterday, and one of them already hit its stop loss this morning. One thing I've learned from experience is that any even if you're trading with an edge, losing trades pop up and remind you that this isn't a free ride to riches. It's fun to savor the winning streaks, but it's also prudent to stay grounded and realize that we're not invincible.
There haven't been any new trades yet today. ZM from the watch list got close to triggering this morning, but hasn't quite gotten there yet. I have buy limit orders in for it at 79.15 for the stock and 6.67 for the options.
Some of you may have noticed EA on the watch list. I won't be buying that one in either account. The stock for EA is extremely "heavy", meaning it uses an extraordinarily large amount of purchasing power (as indicated by its Stock Position Value on the watch list). And interestingly, I can't buy the options for EA through my trading platform (I got an error message when I tried to set up a buy limit order). I might remove that ticker from the system.
If you have any questions, just reply directly to this email.
Eric