Hey Guys,
The market is up again this morning. The S&P 500 surged past the 4,000 mark. That price level might prove to be a big one. It wouldn't surprise me if the market came back and tested that level again before it prevails one way or the other.
I picked up some RTX options this morning in the extra options account. I haven't taken on any other positions yet today, but RTX is also close to triggering a stock position for my main account. I have a buy limit order set up for it using the Potential Entry Price from the watch list.
I had a few positions close since my last email. V hit its profit target and WH was closed manually for a partial profit. WRB hit its stoploss.
Some of you may have noticed that over the last week, there were days where I only took on two stock trades in my main account, yet more than two tickers from the watch list triggered an entry. That's because I typically take a maximum of two trades per day in each account. That's how I modeled the back test, so that's why I do it that way. It also helps diversify my risk exposure. But you are welcome to take any trade you want from the watch list and take comfort in knowing that it falls within the zone of the back-tested edge.
If you have any questions or feedback, I'd love to hear from you.