Hey Guys,
Wow what a morning! The market sunk quite a long way yesterday, but early this morning the latest inflation numbers were released and they came in better than expected. That caused the market to shoot up 150 points. The S&P 500 is just above 3,900 right now.
I had a lot of exposure on positions, so that market jump carried my portfolio in a big way. I hit a bunch of profit targets.
I even had multiple positions gap up past my profit target to give me an oversized profit. My GSK positions (both stock and options) did that and so did my JXN stock position.
All told, I locked in 9 wins and 1 loss today across all accounts. And at this moment every position still open in my account is green except for one.
It's a much different picture than I was looking at last night, when most of my positions were red. It's yet another reminder that you just never know what's going to happen next in the market. That's why I try to stay calm and just stick to the plan by leaning on the back-tested trading strategy.
I picked up a few new positions today. All of them came right off the watch list. I bought CAG and XOM in the main account. And I bought CAG options in the extra options account.
I have a couple options positions that reached their time limits today. Normally I would be closing those position right before the market session ends, but today I will be away from my desk during that time. So I will be closing them in the middle of the trading session.
If you have any questions or feedback, I'd love to hear from you.