Hey Guys,
The market is at about the same spot as it closed yesterday, which is down overall for the week. The S&P 500 is around 7,680 right now.
I had two stock trades reach their time limits today, so I manually closed them at the opening bell. They were the stock trades for CVX and NTR. Both ended up in the red. It's not a fun way to start the week, but there's no way around the fact that there will be losing trades at times. That's why learning to cope with losing trades is such an important part of trading. It's hard to do since there is very real risk involved.
One note about NTR is that since I owned the stock overnight last night, through its ex-dividend date, I earned a $0.55 per share dividend on my position. That helped offset the loss a bit. The dividend will be automatically credited to my account in the next several weeks, which is a pretty standard way for brokerages to handle dividends.
I finally took on a new trade today after going a handful of days with no new trades. I took on a stock position for TAK in the stocks account.
If you have any questions, just reply directly to this email.
Eric