Hey Guys,
I had a few positions hit their profit targets this morning.
My MES futures trade was one. That one was a roller coaster that rewarded my patience and made me happy that I have a well-defined game plan. Out of the gate it went straight down and came within 10 ticks of hitting my stoploss, only to change course and come back for the victory today. It reminds me of what happened earlier this week with IP, but in reverse. IP came close to hitting the profit target and then came back down to near breakeven as of the time I'm typing this. This MES futures trade offers a good reminder that those types of situations can go both ways. It's good to appreciate the times when these situations go my way rather than solely focusing on the times when it doesn't. Doing so helps me keep my point of view accurate, for one, but it also populates my awareness with things that might fill me gratitude and ease rather than things that might bring me frustration and stress. I'll gladly take a helping of gratitude and ease any time I can get it!
The other profit target that got hit was with CRWD. That was nice to see after it came so close a couple days ago before backing off. I had an option for CRWD in my extra options account too, and that hit its profit target simultaneously (226% return on the premium paid, which means a little over 2% account growth).
I haven't made any new trades today. Nothing has set up. I'm strict about only buying stocks when my trading strategy sets up. That's how I ensure that I'm trading within the scope of the back-tested edge.
I have a number of positions closing tomorrow. In my main account, AEM and IP are hitting their time limits and so is my option for NEM. And in the extra options account, there are three options positions closing.