Hey Guys,
The market had yet another strong day on Friday. It's working to hold those gains today. The S&P 500 is above 4100 right now. Technically we're no longer in a bear market designation, but it doesn't mean that there won't be more market volatility ahead.
I picked up some new positions today. I bought shares of stock for CBOE in the main account. I bought the options for it in my extra options account.
For that one, right after I bought it, the price dropped. So anyone who followed my trade shortly after I posted it likely got a lower price than me. That might be the opposite of QCOM from late last week where a number of subscribers told me they got a higher price than me.
Sometimes the price will be higher, and sometimes it will be lower. Ultimately you get to decide whether you want to follow any given trade, but I have some informative data. I did a study that suggests that if someone consistently followed my trades at the prevailing price (whether higher or lower), they may end up with similar profitability to me over time. And this makes sense considering my trade strategy reflects raw edge in back tests.
If you have any questions or feedback, I'd love to hear from you.