Hey Guys,
The market is at about the same spot as it was yesterday when I emailed. The S&P 500 is right around 7,600 right now.
I took on one new position today. I bought shares of MRNA in the stocks account. The trading activity in both accounts has been light so far to start the week.
The FOMC is starting a meeting today, and by tomorrow they'll announce an interest rate decision. These announcements can sometimes create volatility in the markets, for better or worse. My approach is that I always stick to my trading plan. The backtests for this strategy involved holding trades regardless of any outside news, and my goal is to mimic the backtested approach. So I simply honor the trade exit criteria that is already posted on the website and will hold positions like normal. As always, you can manage your trades in whatever way you'd like.
If you have any questions, just reply directly to this email.
Eric