Hey Guys,
Well JNJ got some bad news overnight and it caused the stock price to gap down. The price opened this morning below the stoploss and triggered an exit. Gap downs are always a risk with swing trading, and gap downs losses are accounted for in back tests. So it's worth keeping in mind that if you want to ride this rodeo, gap downs will be a part of the experience. Gap up wins are also bound to happen if you trade long enough.
One good thing about the JNJ position getting closed is that it freed up some buying power. That was a heavy position, and I was able to scoop up two stock new positions today with the new buying power.
I also bought options for IBM this morning, and the price immediately shot straight down. If you have any interest in following me on IBM, you might get it for a much better price than me, depending on where the price goes from here. Of course that doesn't mean it's going to be a winner necessarily and there is still risk like always.