Hey Guys,
The market hasn't given up any of its recent gains, and the S&P 500 is now in the vicinity of the 5,500 price level.
Not all my positions are as happy as the rest of the market, though. Despite being almost all green on Tuesday morning, about half my portfolio has shifted since then.
My ADI and AMT options have since taken a U-turn. Also, I closed four stock positions that reached their time limits this morning (SBUX, TTWO, GDDY, and AFL). The overall result was a net profit, but two of them were losers.
It can be tough when you see green in your account and then some of it turns to red. For some people it can bring up second-guessing, or feelings of frustration. What I try to do is just go with the flow and accept the trade outcomes, whatever they may be. I try not to set expectations when I enter a trade, and instead focus on the process and making sure I stay in line with the back-tested approach. There is so much evidence of a deep history of success with this approach, and knowing that helps me let go of the urge to try to control individual trade outcomes.
I only took on one new trade today. I bought a stock position for VRTX in the main account.
I have three option positions that reached their time limits today. I'll manually close those near the end of the trading session today unless they reach their time limits first.
If you have any questions or feedback, I'd love to hear from you.