Hey Guys,
There have been a lot of profitable trades lately. I closed out ELS today for a profit (it hit its time limit) and my ANET options trade hit its profit target. Yesterday my ANET stock position hit its profit target and SBAC was closed out for a profit at its time limit. And last Friday GOOG hit its profit target.
It's raining money!
Today I got into TDOC and TSLA. I also bought TDOC options in my extra options account.
Yesterday was an interesting ride with the market, especially since I have a short MES futures position. It often creates an interesting dynamic in my mind when I have a short futures position along with all my long stock and option positions. The best case scenario in those cases is that the market goes down just enough to reach the profit target on my short position (without triggering stoplosses on all my other long positions) and then shoots right back up. It rarely happens that way. Well yesterday that came really close to happening! The MES futures price got a few points away from hitting my profit target, and then turned around and climbed all the way back up. Rather than agonize over it, I'm just going to sit back and give space to my positions and allow them to unfold, regardless of the path they take. It's a lesson in stock market patience, and perhaps in life...