Hey Guys,
The market is up a bit this morning. The S&P 500 is back within 25 points of the all time high it established earlier this week.
After having a nice hot streak over the last week, I ran into some turbulence. My two option trades that reached their time limits yesterday both ended up with tough losses. And my AIG stock position reached its stop loss this morning. It wasn't fun to endure, but it's part of trading. There's no way to escape losing trades that I know of, even if you're trading with an edge.
I took on one new trade today. I bought a stock position for LULU in the stocks account. I had also taken on a position for RYAAY in the stocks account late yesterday. There haven't been any new trades yet today in the options account.
If you have any questions, just reply directly to this email and I'll be ready to help.
Eric