Hey Guys,
The market is down noticeably this morning. The S&P 500 is down about 75 points and is sitting around 7,500 right now.
I ended the week with a thud in both my trading accounts. My stock positions for PM and KMI both reached their time limits and landed in the red, and my remaining KO stock position reached its stop loss. And those three option positions reached their time limits yesterday also all landed in the red. It was fortunate that one set of my KO positions profited in the morning, because after that KO dropped like a rock.
It's not a fun way to end the week, but there will occasionally be strings of losing trades, even when you're trading with an edge. That's the challenge with trading: there's no way to win every trade. So we're trying to stack the odds in our favor with our trades, but even if the odds are with you, there's no way to escape losing trades.
I took on some new trades today. I bought NXPI and SPXL in the stocks account. And I bought options for SPY and SWKS in the options account.
If you have any questions, just reply directly to this email.
Eric