Hey Guys,
The market is volatile right now. It had another big red day yesterday, to the tune of a 100-point S&P 500 drop, but this morning the S&P is up 60 points at the time I'm writing this. These are some pretty big swings.
I had four option trades reach their time limits yesterday. They resulted in a net loss, with the EBAY and BIDU option trades being particularly tough. The week started out well in both accounts, but then losses in the second part of the week wiped out those gains.
Sometimes seeing profits washed away can make trading feel really unproductive, but I can say from experience that it happens quite frequently. Losing trades are a normal part of trading, and it's not abnormal to have a week like this where profits get washed away. It's also not abnormal to have a week that starts out poorly and finishes strong. My goal is to let the system breathe and to go with the flow, wherever it leads.
There haven't been any new trades yet today. NTR from the watch list is relatively close to triggering (for both stock and option positions). Let's see if my buy limit orders for that ticker get filled later today.
If you have any questions, just reply directly to this email.
Eric