Good morning!
The market is hovering near its all time highs. It's relatively quiet, which sometimes bodes well for my trading approach.
I bought some CB stock today. It's in the financial sector, which is nice since I don't have any other positions in that field right now. It adds some diversity to my holdings. I have not picked up any options yet this morning because none have met my criteria for entering.
I sold my AEE stock position this morning since it hit my time limit. I got a relatively small profit on it. Yesterday that position had been up nicely and then it tumbled down right in time for my self-imposed expiration. Sometimes that's just the way the ball bounces. I can accept it because I know I'm directly honoring the back-tested approach. If I were trying to use discretion to make these decisions, I might be a lot more emotionally invested with each trade, which might make it harder to generate substantial profit over the long haul.
Check out this chart on XLU (I bought options for it yesterday in my extra options account):
To my mind, that's one beautiful chart! It's an awesome example of the types of trades I look for with stocks and options. There is initially a strong uptrend, then the price kind of takes a break (pulls back), at which point I get in, and then it resumes its march upward. Obviously the price doesn't go back up every time and also not every pullback looks exactly like this. But this chart exemplifies the concept of my trading approach.