Hey Guys,
The market rebounded yesterday, which was nice to see. Maybe that previous low did indeed offer some sort of "support level" for the S&P 500. It seemed to rebound right off that price level I referenced yesterday. This morning, it's off to a slightly red start. The market is clearly still volatile.
My GSK stock position reached its time limit. It came in two cents below breakeven. That trade went on a bit of a roller coaster ride, as it got near its profit target initially, then took a big dip into the red, but by the end it was back around breakeven. You never know for sure where the ride is going to take you, but I always make it a point to stay on the ride until the end of the trade.
I took on new trades today. In the stocks account, I bought positions for BP and TRP. In the options account, I bought the options for BP.
If you have any questions or feedback, I'd love to hear from you.