Hey Guys,
The market is up some more today. The S&P 500 is around the 6,060 price level today.
I had more positions lock in profits. Profit targets were reached on ADSK (stock position) and ORCL (both stock and option positions). And my trade for TRP reached its time limit and slid in just barely above breakeven.
The ORCL trade was great. For one, it gapped up overnight past the profit target I had for my stock and option positions, which gave me oversized gains in each case. The other thing I liked about ORCL is how my patience paid off. I took a lot of heat on that trade early on, but I stuck to my plan. I didn't second guess or have a knee jerk reaction when it was going down initially. I simply followed the rules of the trade, and I was rewarded in this case.
I've won my last 9 straight stock trades. It's been a hot few weeks for me in that stocks account.
I took on new trades today. In my stocks account, I bought positions for UDR and SRE. In my options account, I bought options for Wells Fargo and PNC Bank.
If you have any questions or feedback, I'd love to hear from you.