Hey Guys,
Yesterday the Fed announced an interest rate hike, and it sent the market on a wild ride. At first the S&P 500 went down. Then it shot upward and was setting new highs for the day (above 3,900). But then things took a sharp turn and the S&P 500 dropped more than 100 points from there, all within the last hour of the day. As of now, the S&P 500 is around 3,780, the lowest point we've seen since July.
I had a lot of trading activity today. In the main account I bought PINS. I also bought LULU again, this time because it met the criteria of the Double Down trading strategy. In the extra options account, I bought the options for PINS. And in the low-priced account I bought shares of WING and NTNX.
A note about LULU. You'll see two different trades for that one ticker. Each trade has different entries and exits. I treat each trade totally separately, meaning I set up my exits independently. So if the exit criteria get met on one trade, it doesn't affect the other trade. Those two trades may have the same ticker, but they are treated like totally separate trades.
I closed my position on ULTA this morning since it reached its time limit. That one ended up with a partial loss.
I have an options position that reached its time limit today (TALS). I'll be closing that at the end of the trading session today manually unless it reaches its profit target or stoploss first.
If you have any questions or feedback, I'd love to hear from you.