Hey Guys,
The market showed a mild amount of weakness yesterday, but this morning it's already recovered. Overall, the market appears to be in a state of strength right now.
I had my first loss in the stocks account in a while. It was for LYFT. But then this morning, I had two more positions reach profit targets: APD and RSG. So despite that step backward, I'm already moving back up in the right direction.
My options account didn't fare well yesterday. I had one position reach a profit target (KMI), but then the others that reached their time limits didn't perform well. EOG and GM had already been in the red most of the week, but then LYFT took a huge plunge yesterday after starting the day profitable and gave me a big loss. The end result is that I came out barely above breakeven over the last week in my options account.
You can never tell for sure what is coming next in trading. I've had some weeks where almost everything I touch turns to gold (like what's been happening in my stocks account recently), and some weeks where I do a number of trades only to end up breaking even. Ultimately I have to live through it all in order to try to benefit from the back-tested edge over time.
I took on some new trades today. In the stocks account, I bought positions for XEL and VZ. In the options account, I bought options for VZ.
If you have any questions or feedback, I'd love to hear from you.