Hey Guys,
The market is at about the same spot as it was when it closed yesterday. Overall, the market has stayed in a relatively tight range so far this week.
I had three more trades lock in profits since my last email. My stock trades for SE and EW reached their profit targets. My stock trade for BAX reached its time limit, so I manually closed it at the opening bell this morning and it landed a small profit.
I took on some new trades today. In the stocks account, I bought shares of DOCU and HMC. In the options account, I bought the options for DOCU.
At this point, I have ten active positions in my options account. That's the most I'll allow at any given time. It's a measure to manage risk, but even at ten positions, that's a heaping serving of risk. I won't take on any new option positions until at least one of the existing positions gets closed (either from hitting a profit target or time limit, whichever comes first).
If you have any questions, just reply directly to this email.
Eric