Hey Guys,
The market had another red day on Friday. It's up a bit this morning. The S&P 500 is still below 6,000.
I hit some turbulence in my stocks account. My GSK stock position hit its stop loss late last week, and then my NVO position hit its stop loss this morning. Also, my BIIB position reached its time limit and ended up in the losing column. The one bright spot today so far has been that my FMC stock position reached its profit target.
It's not a fun way to start the week. The stocks account had seen some nice success over the last couple of weeks, but we hit some choppy waters to start the week here. It's not abnormal, and to be able to reap any potential long term rewards from this trading approach requires the ability to live through losing trades. It can be hard to do since there is very real risk involved.
I took on some new trades today. In the stocks account, I bought shares of Amgen and Agilent. In the options account, I bought options for Pinterest.
If you have any questions or feedback, I'd love to hear from you.