Hey Guys,
The market had a big red day yesterday. After the S&P 500 was up pushing the 6,000 level again earlier this week, now it's back at 5,900.
My Apple stock position reached its time limit this morning and incurred a loss that was almost as bad as hitting the stop loss. Not ideal, but at the same time, I'm fortunate not to have had a light trading week so far, because I could have had much more risk exposure during that big market drop yesterday. This is a relatively light consequence.
Yesterday in the morning, I totally forgot that there were two stock positions that had reached their time limits and needed to be closed (TSLA and VFC). Just one of those mental mistakes that happens to all traders at some points. In this case, I realized the mistake about an hour and a half into the trading session yesterday and closed them. The result was that I ended up with slightly lower exit prices for both than I would have if I had closed them at the opening bell, so this mistake didn't work out in my favor. VFC turned a profit and Tesla turned a loss and they roughly offset each other.
I haven't yet taken on any new trades today, but AVGO from the watch list is still within my sights and I have a buy limit order open for it.
It looks like the stock market will be closed tomorrow in mourning of Jimmy Carter's passing. So for the two option positions I have that are reaching their time limits tomorrow, I will instead manually close those on Friday morning.
If you have any questions or feedback, I'd love to hear from you.