Hey Guys,
The market gapped down noticeably overnight. The S&P 500 was down 120 points from yesterday's close when the market opened the morning. There's plenty of volatility in the air.
My ETN stock position reached its time limit, so I manually closed it this morning. That one came in with a small loss.
I have other open positions that took a big hit overnight, such as my positions for GSK and EWJ. As I always say, though, the trade isn't over until it's over. And beyond that, it's normal for there to be losing trades along the way. So I try not to get too wound up about it and just go with the flow and stick to the plan.
I took on some new trades today. In the stocks account, I bought shares of AZN and BUD. In the options account, I bought options for BUD and XLP.
If you have any questions, just reply directly to this email.
Eric