Hey Guys,
Yesterday was a roller coaster of a day for the market. At one point in the morning, the S&P 500 went up 80 points in 30 minutes. Later it lost all that ground and finished the day on a sour note. Then it gapped up last night and started the morning in the vicinity of its highs from yesterday. The market is going back and forth a ton right now, so seeing a strong move in one direction may not matter for long in this environment.
I picked up a couple new positions this morning in the low-priced account. I bought stock for FCX and OGN. There were other stocks that triggered entries too (AA and ATI) but I limit myself to two purchases per day in that account, so I didn't take those trades. They qualify for the back-tested edge just like the rest though and I would be happy to own them.
I haven't had any new options trades in a few days. I'm just waiting for my trading strategy criteria to be met on a ticker that has options available.
I closed my position on SBLK this morning from the low-priced account. Despite the market's recent turmoil, that one went against the trend and locked in a profit. It's one bright spot in what has otherwise been a rough week so far.
If you have any questions or feedback, I'd love to hear from you.