Hey Guys,
The market is still showing signs of strength. The S&P 500 is trying to push above 4,000 today, which might be a monumental price level to overcome. We've been in the 3,000s since mid-June. There might be a big battle at this price level.
I picked up a couple new positions today in the low-priced account. I bought MNST and OLLI. There haven't yet been any trades in either of the other two accounts yet today.
I hope some of you were able to buy DHI from the watch list yesterday (stock or option). It triggered, but I wasn't available to trade it due to my town's power outage. That one ended up rocketing up to the profit target already. A feeling of "missing out" flashed through me once I saw that. It's yet another one of the feelings that we have to contend with as traders. Ultimately we have to be able to tolerate these feelings if we want to actively trade for the long term. So I try to notice the feelings when they come up and fully embrace them. I have to trust that I'm ok and I'm safe. Once that's happened, it's easier for me to move on.
I closed a number of stock trades that reached their time limits this morning. It was a mixed bag of results, like I've been seeing all week long, but overall each account netted a profit.
If you have any questions or feedback, I'd love to hear from you.