Hey Guys,
The market has shown strength over the last few days. The S&P 500 is around 5,530 right now.
I've had a mixed bag of results this week. My options account fared well, going up a little over 4% in value this week after I closed all those positions that reached their time limits on Wednesday. My main account did not do well this week, though. Just before the holiday, I hit two stop losses (NVO and INCY), adding to a bad start to the week. That was offset to some degree by the profits I took this morning on GLW and LUV, both of which reached their time limits, but the end result was a red week for my main account.
It can be hard to live through when the market as a whole goes up but one of my trading accounts doesn't go up with it. It can feel like missing out, which can bring up feelings of frustration, fear, or anger. All the tough ones!
What I try to remember is that these strategies have such a deep history of success going back decades in back tests. And when we look at the back tests as a whole and see the end result, it may look great, but it doesn't tell us what it was like to live through the experience of getting there. Making these trades live shows us what it's like, and it's not always easy! There are twists and turns and a lot of real emotions to contend with along the way. It's not easy, but I'm right here on each step of the journey with you, taking these trades right alongside you.
I only took on one new trade so far today. I bought a stock position for EQR in the main account.
If you have any questions or feedback, I'd love to hear from you.