Hey Guys,
The market is still just kind of hanging out. The S&P 500 is around 4,560 right now. The Fed is expected to make an announcement today regarding interest rates, and that could stir up some price volatility in the market.
Even though the market as a whole was quiet this morning, my morning was somewhat frantic. It's largely because it's earnings season, and so there are some stock prices that are moving abruptly.
I had a couple positions reach profit targets (APH and TDG). I also had one gap down below its stop for an oversized loss (PHG).
In my main account, I had no buying power to start the morning, but a couple positions reached their exits. That opened up space, so I picked up stocks for ETN and ROK.
In the double down account, I took on a couple of earnings day trades. I bought stock for SNAP. I also bought an options position for Visa from the watch list, and it exploded and reached its profit target in just 2 minutes. Although it's possible you could have gotten in on that Visa trade by using the watch list like I did, this service is certainly not designed for you to have to somehow follow trades that only last two minutes. That was an aberration from the norm, and when those happen, they can go either direction.
If you have any questions or feedback, I'd love to hear from you.