Hey Guys,
The market is having a strong upward thrust this morning and setting new all time highs. Is this something you would have predicted for today? I'm not sure it's something that I personally would have guessed would happen. And to me, that's the beauty of this trading system. I don't have to guess what the market is going to do. I just keep taking the trading setups and allowing the market to go wherever it wants (which over the course of history has always leaned upward).
I took on new positions today. In the main account, I picked up ALGN. In the extra options account, I bought options for ALGN, ABBV, and GLD. In the low-priced account, I bought shares of NLSN and DISCA (which was a double down trade).
If you follow the watch list, you may have noticed that ABBV and SLV both triggered, but I didn't take either stock position. The reason is because I didn't have enough buying power to do so. I typically take the first stocks that set up from the watch list each day, but if I have limited buying power then I can only take positions that fit within my available funds.
My stock position on AMGN hits its stoploss this morning. Despite all the upward market movement today, that one kept going down. Since the start that position never wanted to go up.
Most of my options positions are up right now. Last week it was the same early in the week, and then by the end of the week things completely reversed course. Let's see if the profits hold up this time around until the options positions close (which this week will be a day earlier due to Thanksgiving).
If you have any questions or feedback, I'd love to hear from you.