Hey Guys,
The market is still explosively volatile. Yesterday it started way up, but then it dropped like a rock by the end of the day. Then overnight, while I was sleeping and unaware of everything, it went down even further, only to come all the way back to near where it opened yesterday. I'm glad I slept through all that! It's a good reminder that for my style of rules-based trading, I'll probably have a much more peaceful trading experience if I let the market do its thing without hanging on to every tick along the way. After that huge roller coaster ride over the last 24 hours, it ended up back where it started.
I have a lot of options positions that are reaching their time limits today. There are 14 positions in total to be closed, which means I have a lot of risk exposure right now. As per my normal trading rules, I'll be manually closing those positions at the end of the day (unless they reach their profit targets first). But you can certainly close your positions whenever you want and I fully support you regardless.
The PM stock position from my main account reached its profit target this morning. Also my WFC and DE options hit their profit targets. Nice to hear the profit bell being rung again.
I bought some new positions. Late in the day yesterday I bought CHKP again in the main account. It qualified for the double down strategy. So you'll see I have two positions for CHKP in there. They are two completely separate trades, each managed independently even though they're for the same ticker. I also took on another futures position today and posted its stock equivalent using the ticker SPXL. (For those interested, it is for the MT 97 futures strategy.) In my low-priced account, I bought shares for the silver ETF, and in the extra options account I picked up the options for it too.
If you have any questions or feedback, I'd love to hear from you.