Hey Guys,
The market ended up having an up day yesterday and this morning so far it's just hanging around at the same price range of yesterday's close. This is a stark contrast to what we saw just days ago. And the good news for us is that if this market condition holds, this one is more typical historically and therefore might be better-suited for my trading strategy to profit from.
I had a few positions hit their profit targets yesterday. Exxon, BAH, and my MES futures position all clocked in full-sized victories. There are some other trades looking nice right now for the time being. YNDX came to life after being sleepy yesterday, and my Ebay option trade is doing well.
I bought AMT and GMAB today. AMT was interesting. I had a buy limit order out of the gate at 264.99, as per the watch list. And then in the first instant of trading, a price bar showed up that indicated the price had gone down below my buy limit order price and back up above it, all without filling my order. Every once in a while this happens. Think or Swim has told me before that sometimes there are off-market orders that show up in the price bar even though the market's bid and ask activity don't move the price there. Anyway, my buy order didn't get filled, and the price was hovering a little above my target entry. What I knew is that this trade qualified for my back-tested trading strategy, so I wanted to get into it. I bought it at the prevailing price to ensure I got into the position, even though that was a little above my target entry price.
Tomorrow my BA trade hits its time limit. So I'll be closing the position manually first thing in the morning assuming it doesn't hit the profit target or stoploss today.