Hey Guys,
The market rebounded some this morning after a red day yesterday. The S&P 500 is around 6,710 right now.
I had a bunch of positions get closed since my last email. My stock positions for KMI, ATO, AEP, and EXC all reached their profit targets. And the position for EXC gave me an oversized profit after gapping up overnight last night. The only blemish for my stocks account this morning was with my CGNX trade, which reached its time limit and landed in the red.
My KMI option position also hit its profit target. I had three other option positions reach their time limits yesterday. Once nudged out a win while the other two ended with losses.
Overall for the week, I had different outcomes for my two accounts. In my options account, even though I had an even two wins and two losses, the final profit outcome was a net loss. In my stocks account, on the other hand, I had 8 wins and 2 losses this week and posted nice net profits. Even though I use the same strategies with both accounts, sometimes the account performances diverge.
I haven't taken on any new trades yet today. I have buy limit orders in for the tickers at the top of the watch list, as always. My buy limit order for TRI at 96.75 is the closest to filling at the time I'm writing this.
If you have any questions, just reply directly to this email.
Eric