Hey Guys,
The market is holding strong. The S&P 500 is up near 4130 and has shown so far this week that it's unwilling to relinquish the 4100 level.
I bought a couple new positions today. I bought ZBRA in the main account and I bought NYT in the low-priced account. There haven't yet been any options trades today, although there are a number of potential options trades setting up in the pipeline (which you can see on the watch list).
I closed a couple trades this morning that reached their time limits, both for partial profits. I closed CLX from the main account and CHWY from the low-priced account.
Overall my positions are doing pretty well as of this morning, but I did notice some feelings of mild frustration come up around MAS and INTC. Both of those are ones that seemed to shoot out of a cannon in the first couple days I owned them, and both got very close to the profit target. And now both have fallen all the way back down and MAS in particular is underwater.
I've talked about this a lot, but until a trade is closed, it isn't over. And when you look at back tests, across thousands and thousands of trades, there have been all sorts of twists and turns and near misses with stock prices. They're part of the game and are accounted for in back tests.
And since I'm committed to honoring my trading plan, it's not productive to invest any emotional energy into worrying about the unrealized profit or loss of the trade. In my case, a mild feeling of frustration came up when I saw them, but then I thought of the bigger picture and how I'm still in lock step with the back-tested approach, and the feeling dissipated. No need to try to hold on to the feeling, particularly since those trades aren't even over yet.
If you have any questions or feedback, I'd love to hear from you.