Hey Guys,
The market is still down this morning. It fluctuated yesterday to some degree, but this morning it was back where it had been when I emailed yesterday.
My Pepsi stock position reached its stop loss yesterday. My stocks account has not been happy so far this week. But I've learned from experience that you never can tell for sure what's around the corner, and at any moment gloom can turn into rainbows. So I stay patient and stick to the plan.
My SHOP stock position went on a wild ride yesterday. It was volatile due to its recent earnings announcement. It actually surpassed my profit target yesterday, but I don't set my profit target until the day after I enter a position, so I didn't set it up until today. And by that time, the stock was back down below breakeven. The reason I don't set my sell orders until the day after I enter a trade is to help customers avoid pattern day trading rules (which have restrictions on how many positions you can buy and sell in the same day). But keep in mind that you can handle your trades however you want, and if you ever feel like closing a trade at a different time than me, you can absolutely do that. In my case, I'll be holding on to SHOP and sticking to my trading rules, as always.
I haven't taken on any new trades yet today. Nothing from the watch list has triggered yet.
If you have any questions, just reply directly to this email.
Eric