Hey Guys,
The last 24 hours have been volatile in the stock market. In my email yesterday, I talked about how the S&P 500 was up more than 100 points to start the day. By the end of the day, it was down 100 points, which means that over the course of the day, it dropped 200+ points.
That created a pretty wild ride with my positions. I had a couple more stock positions reach profit targets early yesterday (TER and BP), but then my AMZN stock position hit its stop loss later in the day. And my three option positions that reached their time limits yesterday had been looking good overall to start the morning, but ended up in the red by the end of the day.
On top of that my APH and RTX stock positions both reached their time limits this morning and ended up in the red. That's notable especially for APH considering it actually transacted shares at my profit target price yesterday but didn't fill my sell limit order. The stock price ended up coming way down after that and put me in the red by the end of the trade. It wasn't fun, but I try not to get over-invested emotionally in a trade if the trade is still open, and APH is a good example of why. A trade isn't over until it's over.
There haven't been any new trades yet today. I currently have six open stock positions and two open options positions.
If you have any questions, just reply directly to this email.
Eric
Eric