Hey Guys,
The market is at about the same spot as it closed yesterday, which is around 7,410 for the S&P 500. Overall, it's down for the week.
My stock position for ES reached its profit target. So did my option position for CAH. But other than that, my other option positions that reached their time limits today ended up in the red, with the MRNA option trade taking a tough loss. Some of those positions had been holding up fine early in the week, but then the market's plunge yesterday dragged them down.
It's not a fun way to end the week, but it's part of the program. There are going to be times when there are losing trades. It's one of the hardest parts about trading in general and about my specific approach. My objective is to stick to the plan and honor the backtested approach through thick and thin.
I took on one new trade today. I bought shares of EQH in the stocks account.
If you have questions, just reply directly to this email.
Eric