Hey Guys,
The market took a large dive yesterday, with the S&P 500 having gone down 130 points at one point. It rebounded to some degree, though, and the S&P 500 is now around 6,920. The last week has flashed clear signs of volatility.
Despite the volatility, I had more trades lock in profits. My original DG option trade reached its profit target, as did my IFF stock trade. My MAS stock trade reached its time limit and rang the profit bell. The only loss came from my ALGN stock trade, which reached its stop loss.
I took on one new trade today. I bought another stock position for BILI. I already have an existing stock position for BILI that I took on yesterday. This new one is based on the stock qualifying for my Double Down trading strategy. Even though this trade is for the same ticker as my trade from yesterday, it's a completely independent trade. It has separate exit criteria, and therefore the two BILI trades are treated as unrelated.
If you have any questions, just reply directly to this email.
Eric