Hey Guys,
Well there was indeed a volatile price swing in the market overnight after the presidential election, and it worked out in our favor in a big way.
All but one of my open positions locked in profits this morning. That means 11 different trades got closed for profits this morning.
And the large majority boomed past their profit targets for oversized victories. On the stocks side of things, US Bank and Corning ended with profits almost 2 times as big as what I was targeting. And Bank of America had a profit almost 4 times what I targeted.
On the options side of things, there were similar results, but even more exaggerated since options have more leverage than stocks. The JP Morgan options, in particular, gave me a profit that was 5 times larger than I was targeting. That one trade alone boosted my entire options account size by 7.67%.
That cleared the cupboards of all but one of my positions, so I'm now really light on market exposure. That might prove to be a good thing since the market might still be highly volatile after the election.
I did buy one new position this morning. I bought shares of AEM in the stocks account.
If you have any questions or feedback, I'd love to hear from you.