Hey Guys,
The S&P 500 was down 50 points to start the morning, but is already working to gain that back. This type of market condition is one that historically has worked really well with my trading strategy. Lately, each time there is a drop in the market, it bounces back up in relatively short order. Let's see how long this market condition sustains.
I took on a couple of new trades today. In the stocks account, I bought a position for BABA. In the options account, I also bought a position for BABA. It's nice to have some skin in the game with the options account again.
I don't have a lot of trades open right now, but there are a ton of trades coming up the pipeline in the watch list. There are literally hundreds. So it wouldn't be a surprise to see a lot of trading activity soon.
If you have any questions or feedback, I'd love to hear from you.