Hey Guys,
The market is down this morning. Tech stocks are playing a big role in the decline, but there is red across the board. The S&P 500 is around 4240.
I picked up a full slate of new positions. In the main account, I bought stock for MMM and DDOG. In the extra options account, I bought options for EFA and MMM. In the low-priced account, I bought positions for DT and BROS.
There were trades setting up all over the place. It was raining trade opportunities today. When there are this many trades setting up, what I do is typically take the first two that trigger and call it a day. I like to take a max of only two trades per day in each account as a way of managing my buying power and diversifying risk.
There are a lot of trades in the red right now in my account. This is not abnormal and is part of the normal ebb and flow of trading with my trading approach. Not every day is a green day. Over the last month, the market has rebounded out of every pullback at some point. We just have to wait and see if that's what happens this time too.
I closed my UL stock position this morning since it reached its time limit. That one closed for a partial loss. Also my NLOK and UL options positions were closed yesterday due to reaching their time limits, and both of those landed in the loss column as well.
If you have any questions or feedback, I'd love to hear from you.