Hey Guys,
The S&P 500 is down 40 points to start the week. It's had a couple of strong weeks in a row, so let's see if it rebounds and continues it showing of strength.
I haven't taken on any new trades yet today, but I did scoop up a couple of stock positions midday on Friday. In the stocks account, I bought a position for FNV and also another helping of AEM.
That means I now have two separate positions for AEM. The reason is because I have two different strategies: my main pullback strategy and my double down strategy. AEM qualified for both of them separately, so I bought two positions for it.
Even though those two trades are for the same ticker, I treat the trades completely independently. One trade has nothing to do with the other. So if one of the AEM trades hits its profit target, for example, that has no bearing on the other AEM trade. Each trade has its own exit rules and is separate from the other.
If you have any questions or feedback, I'd love to hear from you.