Hey Guys,
The market had a red day yesterday, but is up some to start the morning. Overall, the market has had two red days and two green days this week, so there was some back-and-forth throughout the week.
I closed out those two option trades yesterday that met their time limits (Morgan Stanley and LYFT). Both resulted in losses, but the one for LYFT was worse after it took a big tumble during the day yesterday. It was poor timing, but of course none of us can predict the future. I've had many times where the option makes a surge at the last minute. So I just go with the flow and accept that a trade isn't over until it's over, and that the outcomes won't always go my way even if I'm trading with an edge.
I also manually closed out my VLO stock trade this morning, which resulted in a loss. That was the only blemish on my stock account performance this week.
I took on two new trades today. I bought options for RTX in the options account. I bought shares of ALL in the stocks account. That stocks account is now just about full and I have very little buying power available. I can't take on a new position unless it's really light or otherwise unless another open position gets closed out.
If you have any questions or feedback, I'd love to hear from you.