Hey Guys,
The market is up a bit again this morning. The S&P 500 is almost up to its high from last week. Let's see if it can sustain this progress.
I took on more new positions today. In the stocks account, I bought more shares of SSNC as well as a position for CAH. And in the options account, I bought more options for TJX as well as a position for CAH.
In the case of both SSNC and TJX, the reason I bought another position after already having had one is that they both qualified for my Double Down trading strategy. Even though I now have two positions for the same ticker in each of those cases, each position is independent of the other. I'm not merging positions there. Each position has its own separate exit criteria, so even though the ticker may be the same, I treat the trades like they are completely separate.
I'm now up to 6 positions in each account, so I have plenty of skin in the game at this point. I started the week with just one position total between both accounts, and I've steadily built up my portfolio with positions over the last few days.
If you have any questions, just reply directly to this email.
Eric