Hey Guys,
The market had another net red day yesterday, but since about midday yesterday it seems to be showing its first sign of a rebound since last Friday. The S&P 500 is up 30 points this morning.
As a result, some of my positions that had been deep in the red at points yesterday are now looking better. That's a good example of why I don't get too invested on how a trade is performing before it's over. And by the same token, we don't know where the trades will go from here until they reach the finish line.
My Visa stock position hit its profit target yesterday, but my IBKR stock position hit its stop loss.
I took on a couple of new trades today. In the stocks account, I bought shares of IBM. In the options account, I bought options for BP.
I have a buy limit order in for BP stock shares at 32.28. My price chart shows that the price of 32.28 was reached, but my order wasn't filled. So I still have that buy limit order open.
I have a position for LRCX options, and that company is reporting earnings overnight. That might create volatility with the option price, for better or worse. I'll hold the position according to my published trade rules, as always, but if you prefer to sidestep the potential volatility, you can consider exiting the position before the end of the day.
If you have any questions or feedback, I'd love to hear from you.