Hey Guys,
The market is up again this morning. It's a happy camper right now. The S&P 500 is at 4,360, well above that 4,300 price level it just recently set foot on.
I had a couple option positions reach their profit targets: DDOG and MU. Both gapped up above their profit targets for a slightly oversized profit.
That DDOG position is a great example of how patience can sometimes pay off and how getting riled up emotionally about the trade before it ends may not be useful. DDOG had gotten close to its profit target two days ago, then backed down noticeably almost back to breakeven. For many, that could have raised feelings of frustration. But with the trading approach I use, we allow the trade to breathe and run its course. Getting wound up about the path it takes doesn't have any influence on the outcome of the trade, so I try to stay calm and light. In this case, the trade turned out in our favor, although it doesn't always work out that way. But taking that type of mental and emotional approach to trades (calm and patient) can be quite helpful long term, both for your trading profits and for your physical health!
I picked up one new position today. I bought stock for HUBS in the main account.
If you have any questions or feedback, I'd love to hear from you.