Hey Guys,
The market is down some to start the morning. The S&P 500 is around 7,650 right now, which is near the low it set late last week when it dipped on Thursday.
I took on some new trades today. In the stocks account, I bought a position for SE. In the options account, I bought the options for SE and SPY. I often get excited when major indices like SPY set up for my trading strategy, since this strategy has a solid track record across all major equities in backtests.
At this point, I have a lot of open positions in both accounts. I have nine open stock trades and eight open option trades. That represents a significant amount of risk and potential reward. Let's see how things unfold with this exposure over the rest of the week.
If you have any questions, just reply directly to this email.
Eric