Hey Guys,
The market is down again today. At this point, the S&P 500 is down to a level lower than it's been in the last 5 weeks.
And it's dragged many of my positions down along with it. My first CAG stock position reach its stop loss this morning. It's been a turbulent week so far. The big challenge in trading is no one can tell with certainty what will happen next in the market or with any given stock. My objective is to make trades that have a backtested edge, but even then, there will be losing trades. They're unavoidable. One of the hardest parts of trading is learning to cope with losing trades.
I took on some new trades today. Both were in the stocks account. I bought shares of GMAB and RIO. I'm up to seven open stock positions, and I have a full house of active option trades already.
I have a number of option positions that will reach their time limits tomorrow. I'll manually close those 30 minutes after the opening bell tomorrow unless any reach their profit targets first.
If you have any questions, just reply directly to this email.
Eric