Hey Guys,
This morning the market is kind of hovering where it finished yesterday for the most part. It's relatively calm. Later today there is a Fed policy decision update expected, and there could be a volatile reaction to that news. Many of you can probably guess my approach during events like this: I stick to the plan. I don't try to guess how the news will impact the market or my positions. Instead I honor the approach that was taken in the back tests, and my back tests reflect trades that have gone through every market condition and news event for the last 20+ years. In back tests trades weren't modified or abandoned due to news events, so therefore in my live trading I will not be changing my plan for news events either. As always, remember that you can do whatever is right for you!
I picked up stock for Boeing and NLOK this morning. I also bought some options for YUMC.
I closed my positions for NXPI and TD this morning since they hit their time limit. They basically washed each other out in terms of profit. My DKNG trade hit its profit target this morning. It looked like the NUE trade was about to hit its stoploss and wash out my DKNG profit, but then NUE reversed course (at least for now).
Other than NUE, most of my positions are just kind of gently bouncing around right now. None are, at this moment, particularly strong one way or the other.