Hey Guys,
The market is up compared to where it was when I last emailed. The S&P 500 is at 4,525 right now.
My PANW option position reached its profit target midday yesterday. That was a great comeback. It's yet another example of how you never know what's going to happen next. It got pulverized the first day I bought it, but I just gave the trade space to move and it ended up going all the way back up to the profit target.
I took a moment yesterday to try to let that win really sink in. There is that first moment of excitement to see it hit the profit target, but I conscientiously sat with it for a bit longer and acknowledged the fact that sometimes trades that look bad turn out in my favor. I want to remember it in the future because it helps stabilize my emotions when trading. Ultimately, I want to stay calm and patient when trades go against me, and remembering this experience might help me do that.
My IQV stock position reached its time limit today and I manually closed it. That one also locked in a solid partial profit.
I haven't yet picked up any new positions today. Nothing from the watch list has been triggered yet.
If you have any questions or feedback, I'd love to hear from you.