Gap up day!
The latest inflation report came out early this morning, and the market shot upward as a result. The S&P 500 exploded up to 4,130.
And boy did that cause profits to rain down on me. I closed profits for 5 positions in my main account, 4 in the low-priced account, and 3 in the options account. That was more than half my portfolio.
Not only that, but a number of them were cases where the price gapped above my profit target, which means I ended up with an oversized profit. I had 5 total trades where my exit price was above my profit target.
What a turn of events. When the day started on Monday, I had a lot of positions in the red. It goes to show that you never know for sure what's coming next in the market. Getting too invested in the "unrealized" results of any position may not be worth the energy because until the position is closed, anything is possible.
I picked up just one new position today. I bought shares of BTI in the main account.
There is a change to my ICE options position. I just noticed that there is an ex-dividend date tomorrow, and I don't want to own the options overnight. So I changed the "Closing By" date to be today, which means I'll be manually closing that option position near the end of the trading session today if it doesn't reach its profit target or stoploss before then.
If you have any questions or feedback, I'd love to hear from you.