Hey Guys,
The market went up yet again since my last email. It's shown a lot of strength this week. The S&P 500 is at 4,280 right now, which seems like a far cry from where it ended last week (down near 4,120).
The market move boosted a lot of my positions up in value. I manually closed two stock positions this morning that reached their time limits: VRTX from the main account and TSM from the double down account. Both locked in partial profits after being in the red earlier this week.
I have a handful of option positions that reached their time limits today. I'll be manually closing those near the end of the trading session today if they don't hit their profit targets first. All these option positions went up noticeably in value in the last few days, so it will be a nice victory if they hold their ground until the end of the day.
I plan to hold them until the end of the day so that I can stay in lockstep with the back-tested trading approach. But keep in mind that you are ultimately responsible for your own trades, and if you decide to lock in profits early, that's totally up to you. I support you all the way no matter how you handle your trades.
I haven't taken on any new trades yet today, but I've got my eye on the watch list as usual.
If you have any questions or feedback, I'd love to hear from you.