Hey Guys,
It was another busy morning. And even more unlikely events occurred.
I bought AMT this morning right out of the gate. It was a ticker on the watch list, and my buy limit order got filled at the opening bell. Within 15 minutes it hit its stoploss. That's rare! I put the profit exits and stoplosses for my stock trades a long distance away from the entry price. Most trades last about a week. That means AMT absolutely tanked today for it to reach its stoploss in 15 minutes.
So that's now four trades this week that have been same-day transactions (entry and exit on the same day). It was already really rare to have three (had never happened since I started this business), and now there are four. It's quite unlikely according to back tests, and yet it here we are living through it.
If that wasn't enough irregularity, I also did something else today that I don't typically do. After AMT hit the stoploss, I bought another helping of AMT as part of my double down trading strategy. I had already made two stock purchases for the day, so it's rare that I would buy a third position. The huge majority of days I only take a maximum of two stock trades per day. I guess the oddities are coming in bunches. This has not been a typical week.
In my main account, I also bought AWK. That was not on the watch list. It, too, was a double down trade. I'm working on finding a way to get potential double down trades on to the watch list too.
In the extra options account I picked up options for CSCO and ANET. And in the low-priced account I bought shares of stock for CSCO and ALC. All those came directly from the watch list.
If you have any questions or feedback, I'd love to hear from you.