Hey Guys,
Well there sure are a lot of trades pouring in. If you like the idea of taking trades that have a back-tested edge, you can get barrels of them right now. I remember about a month ago, there was a week that had only one trade set up for the whole week. Things sure have changed.
I picked up ORCL and WPM in my main account. I grabbed options for CRWD, ORCL, and ADM in my extra options account. And I bought stock positions for BRO and ADM in my low-priced account.
Each of those three accounts serves a different purpose. The main account is intended to follow the back test in lock step. The extra options account exclusively uses options as a vehicle to trade the back-tested edge. And the low-priced account only has stocks in the $20-100 per share range and is intended to cater to people who are using a relatively small account to follow these trades. You can either pick the account that resonates best with you and solely follow those trades, or you can mix and match between accounts and follow whatever trades you want from any of the accounts. Just keep in mind that each account is run independently, meaning that I manage my buying power separately for each one. So if you mix and match trades from different accounts, there might be times where you run out of buying power. I support you no matter how you want to use the service.
NBIX hit its profit target today in the main account and CHX hit its profit target in the low-priced account. I also closed NOG today in the low-priced account since it reached its time limit.
There are earnings announcements happening overnight tonight for a few stocks I own: COP, MPC, and NTR. So after the market closes today and before it opens tomorrow, all three of those are scheduled to release earnings. That means the prices for those three stocks could get volatile. I got hit hard on ALNY last week due to earnings volatility, but back tests suggest that over time the volatility might lean in our favor. Nevertheless, there is clearly risk. I am going to stick to my plan and hold all three positions through earnings. But if you don't like the sound of that volatility, you can consider closing the positions before the market closes today.
If you have any questions or feedback, I'd love to hear from you.