There were a lot of positions this morning that closed. SBUX hit its expiration. Both CERN and NEM hit their profit targets. And CDAY hit its stoploss. It was like clearing the decks!
Both SBUX and NEM are good examples of why it's so nice to have clearly-defined rules for our trades. Both of them were earnings day trades, and for both the price went way down out of the gate. Both came near hitting stoplosses. Since I had rules in place, I didn't have to try to figure out what to do, which means I avoided panic selling in the heat of the moment or anything like that. I just sat back and watched, knowing my pre-planned exits were in place. And SBUX came back for a small profit, while NEM came back for a full victory. I did nothing except watch, and I avoided all the turbulence that might have come if I had tried to "analyze" in the moment what I should be doing.
I grabbed a couple new positions today. I'm building back up the portfolio after so many positions cleared out.