Hey Guys,
The market rebounded nicely on Friday, although it's given up some of its gains this morning. Right now the S&P 500 is around 4,395.
I picked up a new position in the main account. I bought stock for AEP, which is another Utilities company. I now have three of them in my portfolio.
It's not abnormal for there to be a number of different stocks from the same industry in my portfolio at any given time. Sometimes stock price movements within an industry are synchronized to a large degree.
Check out the chart for my remaining CI stock position from the double down account:
The red line on the bottom represents my stop loss on Friday. Notice how close the price got to hitting my stop loss, and then it reversed course. I don't know how the trade will end up when it gets to the finish line, but this is at least one example that sometimes things bounce in my favor.
I like to take note when it happens because it helps me to stay balanced when things bounce the other way. It helps my trading psychology and keeps me grounded.
If you have any questions or feedback, I'd love to hear from you.