Hey Guys,
The market recovered from the drop it had yesterday in the morning. On the one hand, it could be said that the market doesn't know which way it wants to go because it keeps going back and forth. On the other, it might be said that the market is showing resilience because despite multiple different news-related "shocks", it keeps holding its ground.
I had multiple different positions close today. Both my stock and options positions for BK reached their profit targets. My BDX stock position hit its stop loss. And my QRVO stock position reached its time limit and ended up in the losing column. So it was a mixed bag of results today.
I took on some new positions today. In the stocks account, I bought positions for WCN and JD. In the options account, I bought options for XLV and JD.
I had just bought shares of JD yesterday. The reason I bought them again today is because it qualified for my Double Down trading strategy, as shown on the watch list this morning. The key thing to be aware of is that although I bought the same ticker today, I treat it like a completely separate trade. So I set up the profit target and stop loss for the second trade independently, as if they have nothing to do with whatever shares I bought yesterday. It's the same ticker, but two completely different trades with different trade management rules.
I have a couple option positions that reached their time limits today. I'll be manually closing those near the end of the trading session today.
If you have any questions or feedback, I'd love to hear from you.