Hey Guys,
The market is at about the same spot as it was when I emailed yesterday. The rebound that started yesterday softened, but overnight it reclaimed that ground. The S&P 500 is around 7,450 right now.
I took on some new positions today. In the stocks account, I bought IT and AAPL. In the options account, I bought options for AAPL.
I also bought AAPL stock and option positions midday yesterday. So there are a lot of AAPL positions in my accounts right now. The reason I bought more today is that AAPL qualified for my double down trading strategy, as per the watch list. Even though there are multiple trades for the same ticker, each trade is completely independent and one has nothing to do with the other. Each one has its own separate exit criteria. This is just like the KO set of trades we had last week in that respect.
If you have any questions, just reply directly to this email.
Eric