Hey Guys,
The market had another green day yesterday and is up again to start this morning. It's had a nice showing of strength ever since those three red days earlier this week.
I racked up profits on all sorts of positions since my last email. This is a fun list:
My stock position for EL gapped up overnight and gave me a profit that was more than double what I was targeting. My sell limit order captured the excess profits automatically.
My Amazon and CDNS stock positions reached their profit targets. And that CDNS was a fun one because it went deep in the tank at the start of the trade, but turned around and made its way all the way back up by the end of the trade. Sticking to the plan paid off on that one.
My ROKU and MDLZ options reached their profit targets. And my IWM position reached its time limit and landed a profit. The IWM position also went deep into the hole to start the trade, and it goes to show that a trade isn't over until it's over. Overall for the week, I had a perfect 4-0 win-loss record in my options account, and it went up in value by 5.4%.
There haven't been any new trades yet today. TWLO from the watch list got really close to filling, but then backed away.
The market is closed on Monday for the Memorial Day Holiday. We'll be back in action on Tuesday.
Eric