Hey Guys,
Friday proved to be a bruiser of a day in the market. The S&P 500 dropped more than 100 points. This morning, it's up about 10 points as of the time I'm writing this. We'll see if a rebound takes shape. The market has a solid track record so far this year of rebounding after major drops like that.
A couple of my stock positions had big red bars on Friday: ODFL and ACN. Those were the two positions I entered on Friday, and they both hit their stop losses this morning. I don't set my sell orders until the day after I enter a trade, so even though both stocks went down to their stop prices on Friday, the stop orders didn't actually fill until today.
On the bright side, my KR option position reached its profit target today. Kroeger went against the trend of the rest of the market and surged.
I picked up some new positions today. In the stocks account, I bought stock positions for SE And Visa. In the options account, I bought options for NEM and SE.
If you have any questions or feedback, I'd love to hear from you.