Hey Guys,
The market is up again this morning. The S&P 500 is around 4,080. It's been showing a lot of strength over the last week.
I picked up some new positions today. I bought SAP and KLAC in the main account, INTC options in the options account, and INTC stock in the double down account.
There are a lot of earnings being reported right now, which can create some hard-charging price movements for stocks and for the market in general. Some of my trades might be for stocks that just reported earnings, and INTC and KLAC are examples of that.
I closed two positions for a profit this morning. My MGA stock position from the double down account gapped up past my profit target overnight and gave me an oversized profit. I also manually closed my JPM stock position since it reached its time limit, and that one ended up being 2 cents short of a full-sized profit.
Overall, it's been a strong week. My win-loss record across all accounts was 11-2. It was a quick recovery after last week's string of losses. Recoveries don't always happen that fast, so it made the emotional side of the drawdown a little easier to get through.
If you have any questions or feedback, I'd love to hear from you.