Hey Guys,
The market overall had a red day yesterday and is down a bit again to start the morning. The S&P 500 is right at the cusp of breaking through the bottom side of the range its been in for the last couple of weeks. Let's see if it holds its ground and gives us another rebound.
I had two more stock trades reach their profit targets. They were the trades for BTI and AZN. It's been a nice run in my stocks account. That brings me up to 9 straight winning trades.
I took on one new trade today. I bought another option position for OKE in the options account. It looks a little odd when you look at the page for my options account because there are two option positions for the exact same option (the same strike price and expiration date). That's intentional. The first trade qualified for my Main Pullback strategy and the second trade qualified for my Double Down strategy. Even though they are both for the same option, they are two completely separate trades with separate exit rules. I treat the two trades independently, as one has nothing to do with the other in terms of how I will manage each trade.
If you have any questions, just reply directly to this email.
Eric