Hey Guys,
This morning the market is hanging out in the same range as it was on Friday. The S&P 500 seems to be tethered to the 4000 price level for the time being.
I haven't taken on any new positions yet today. Midway through the day on Friday I took on a new stock position for ALSN in the low-priced account.
I closed out my GNTX stock position from the low-priced account this morning since it reached its time limit. That one locked in a profit.
I also locked in a profit on my Ryder stock position on Friday. That was a fun one. About an hour into the trading session that morning, news broke that Ryder was the subject of an acquisition offer. The stock price went up 15% in 10 minutes and hit our profit target along the way. With my trading approach, I don't count on events like this to generate my profits, but they're still a part of the trading journey. These types of things can go both ways, but this one turned out in my favor so I'll enjoy it.
If you have any questions or feedback, I'd love to hear from you.