Hey Guys,
The market rebounded some yesterday after the weekend's drop. We're seeing volatile moves in both directions across the market in a variety of industries and stocks.
My option position for EPD has a spectacular green bar yesterday, only to give up all those gains at the opening bell today, and then shoot right back up and hit our profit target. That trade clearly saw a heavy dose of volatility.
My BMO stock position had a great rally yesterday and then gapped up overnight and landed me an oversized profit.
My LNG stock position reached its time limit, and although it ended up a little below breakeven, it was a bit like a victory because it had been pretty far down in the red the day before.
I haven't taken on any new positions yet today. I have buy limit orders in for Agilent and Humana from the watch list, though.
Even though there is volatility in the market, I'm just sticking to my plan like always. It can be comforting to have a clear trading plan when there is market volatility.
If you have any questions or feedback, I'd love to hear from you.