Hey Guys,
The market gave up all its gains from earlier this week. It's the first "down" day we've had since two week ago. The S&P 500 is around 4,895.
The fun thing is that all my stock positions are up today even though the market is down. My stock positions completely diverged from the market. It can be helpful to notice when something positive like that happens and let it sink it. I'll be able to call this memory to mind in the future to help me stay grounded when things don't go my way.
I had two stock positions lock in profits today. My MDT stock position gapped up past my profit target overnight and gave me an oversized profit. It didn't require any effort on my part to collect the extra profit; my sell limit order automatically filled me at the higher price at the opening bell.
Also, my SNY position reached its time limit, so I manually closed that this morning. It, too, gapped up overnight and got in the vicinity of my profit target. I rode that gap up just in time before my trade ended.
There are no new trades yet today. The Fed is scheduled to make an announcement at 11am Pacific Time today, and that might stir things up in the market. Maybe that will lead to some new trades in the coming days.
If you have any questions or feedback, I'd love to hear from you.