Hey Guys,
The market has been so strong. It's up yet again today, and right now the S&P 500 is above the 4,550 mark.
If the market would take a breather, it might allow for some stocks and options to settle into pullbacks, which is the foundation of my trading approach. That breather will come at some point, at which time I expect there to be a lot of trade activity. But for today, there have not been any trades yet. I did see a couple more tickers show up on the Triggered List yesterday in the Low-Priced Stocks section, though.
I manually closed my AEP stock position this morning. It locked in a profit. I was actually supposed to close it yesterday, and somehow I missed it.
That was just a simple mistake, but what's worth noting is that this particular mistake actually was a profitable one for me. The stock price for AEP was higher at the open today than it was yesterday. We're humans and we all make mistakes, and in the stock market, sometimes those mistakes can actually work out in your favor. I like to notice when they are profitable mistakes so that it helps me stay balanced when the unprofitable mistakes roll around.
My Nike options reached their time limit today. I'll be manually closing those right near the end of the trading session today unless they reach their profit target first.
Tomorrow is a holiday and the stock market won't be open. On Friday, the stock market is scheduled to be open but only for a partial session.
Happy Thanksgiving!
If you have any questions or feedback, I'd love to hear from you.