Hey Guys,
The market has been holding its ground this morning after racking up all those gains late last week. The S&P 500 is still just under 4,000.
I've had four stock positions close today so far. Three were wins and one was a loss. AAP and MMP both reached their profit targets. And I closed NOC and NFLX manually since both reached their time limits.
The interesting thing about NOC and NFLX is each ended up with the opposite outcome of what they showed early in the trade. In the first few days after the trade, NOC was showing solid profitability and NFLX kept going down even when the market was going up. But by the end of the trade, they had both reversed positions, and it was NFLX that was locking in a chunky profit and NOC that went the opposite direction of the market and took a loss.
It's yet another example of how you can never tell what's going to happen next in the market or with any given stock. So rather than follow every move of each position and go on an emotional roller coaster each day, I try to stay calm and give each position the space to breathe. Until the trade is over, you can just never be sure how it will turn out.
I picked up some new positions today. In the main account, I bought SCHW. In the extra options account, I bought options for SCHW and TMUS. And in the low-priced account, I bought shares of WBS.
I can see from the watch list that TMUS is close to triggering. I have a buy limit order set up for it at the Potential Entry Price listed on that page.
If you have any questions or feedback, I'd love to hear from you.