Hey Guys,
Well that was a fun ride. Yesterday Jerome Powell signaled lower interest rate hikes and the market rejoiced. The S&P 500 went up almost 150 points.
Yesterday I had two positions reach their profit targets. Today I had four positions reach their profits targets. My week started out as a mixed bag, but now it's turned into a decidedly profitable week.
My options account in particular has been on an incredible run. Since October 28, just over a month ago, my options account is up 51%. I have 23 wins and 3 losses during that period. It was a welcome burst of profit considering the tough year we've had.
I took on a few new positions today. In the main account, I bought COST. In the low-priced account, I bought VSCO and GIII.
I have a couple options positions that reached their time limits today. I'll manually close those positions near the end of the trading session today unless they reach their profit targets or stoplosses before then.
If you have any questions or feedback, I'd love to hear from you.