Hey Guys,
The market exhibited a nice sign of strength yesterday as the S&P 500 showed that it's no longer magnetized to that 6,250 level anymore. It's clearly removed from that level now and is well into the mid 6,300 range.
There hasn't been any new trading activity yet today. I have buy limit orders open for the tickers at the top of the watch list, as I always do, but nothing has been filled yet. Even though it's more fun to have some trading action, I stay patient because I don't want to be entering trades willy nilly just for the sake of trading. I only want to enter trade setups that have a historical edge. So I stay calm, go with the flow, and stick to the plan.
I have two option positions that reached their time limits today. I'll be manually closing both of those near the end of the trading session today unless they reach their profit targets first.
If you have any questions or feedback, I'd love to hear from you.