Hey Guys,
The market is up some this morning, and the S&P 500 is again hanging out near its all-time high.
My CBOE stock position reached its time limit, so I manually closed it at the opening bell this morning. It landed a profit. It was nice to see after that position had been in the red most of the trade.
I took on some new positions today. In the stocks account, I bought positions for TCOM and FXI. In the options account, I bought more options for FXI.
You'll notice that I now have two separate positions for FXI in both the stocks account and the options account, respectively. The ones I took today qualified for my double down strategy. Even though the trades are for the same ticker symbol, they are completely independent of each other. Each trade has its own exit criteria, and is therefore not affected by the outcome of the other trades for the same ticker.
If you have any questions, just reply directly to this email.
Eric