Hey Guys,
I picked up a full load of positions today. In the main account, I picked up TROW and LLY stock. In the extra options account I picked up options for KO, KR, URI, and LLY. In the low-priced account I picked up stock positions in EQH and KR.
I also closed four positions today, all for a profit. Three were stock positions that reached their time limits and locked in small profits. And that AAPL option position did end up coming back and reaching the profit target after all. Just a couple days ago AAPL got within one cent of the profit target for my option position and then pulled back noticeably. It goes to show that any feelings of frustration that may have come up at the time were inconsequential.
Speaking of near victories that fell apart, that SPGI options trade qualifies as one too. It sure has been a wild ride. That one came within six cents of a profit yesterday, and then this morning dropped all the way to being nearly worthless, and now is on the move back up. Just like with AAPL, I'm going to accept the fact that sometimes trades get close and turn around, and I'll be at peace with whatever the outcome is. It's interesting because when you look at the results of the back tests, all you can see is the bird's eye view of the final results. What you don't see is the granular detail, and when you start making the trades and living through them in person, then you see how much of a roller coaster it can be to actually live through them. SPGI is a great example of that. If we can detach ourselves from the outcomes of the trades and focus more on process and execution, it might 1) lessen the emotional charge that trading can bring, 2) smooth out the roller coaster ride, and 3) make it easier to stick to the plan for the long haul.
If you have any questions or feedback, I'd love to hear from you.