Hey Guys,
The market is down some to start the day. The S&P 500 is around 5,950 right now.
I picked up some new positions today. In the options account, I bought positions for SCHW and PG. In the stocks account, I bought a position for SCHW and another position for TSLA.
You might notice that I now have two different stock positions for TSLA. The first one was based on my Main Pullback strategy, and the second one was based on my Double Down strategy. Even though they are for the same ticker symbol, I treat them like completely separate trades. Each one has its own exits and is completely independent from each other. I had the same situation happen earlier this week with XRAY, and the Double Down position hit its profit target the next day. Let's see if we have success here again with Tesla.
I have four option positions that reached their time limits today. I'll be manually closing those near the end of the trading session today unless they reach their profit targets before then. There is some red among those positions right now, but a trade isn't over until it's over. Let's see what happens after the dust settles at the end of the trading day.
If you have any questions or feedback, I'd love to hear from you.