Top o' the morning to ya!
The market dipped this morning. That presented us with some buying opportunities. I trade pullbacks, so days like this normally lead to me grabbing a bunch of positions. I loaded up in my main account and also got a couple positions in my extra options account.
I sold BAC and ADM this morning since they both hit their time limits. Both had a tidy profit. I've made a profit on 16 of my last 17 closed trades.
That said, my current live positions are a mixed bag. But until the position is closed, the trade isn't over yet. So I'll just hang tight and see what the results are at the final bell for my live trades.
I bought an MES futures position yesterday when the futures market opened. The strategy for that particular trade is to buy after a new "swing low" is formed on an uptrend. That's like when there is a new "V" shape along the up-trending price pattern. That position isn't looking so hot right now though and came very close to hitting its stoploss this morning.
As far as my extra options account, I'm showing a profit on all my positions at the moment. That CVS option turned the corner after initially being down and is looking like it might have some life. Let's see if these positions can maintain their profitability until they expire.