Hey Guys,
The market took a dip overnight last night but is back to this 4400 price level that it seems to like on the S&P 500 futures .
We finally had some normal stock trades trigger! Late on Friday, Royal Caribbean Cruises (RCL) triggered. I bought stock and options for it. Then today LUV and SRPT both triggered. I bought stock for both and picked up options for LUV in my extra options account.
Neither LUV or SRPT were on my watch list. It's rare for that to happen. In the large majority of cases, my stock and options trades come right from my watch list. For both these stocks, though, they ended the day Friday a long way away from their respective potential entry points pricewise. That means they didn't end up on the watch list, and it would have required a very big drop in price for either one to actually trigger today. And that's exactly what ended up happening. Both had very big price drops this morning. You can look at their price charts in your trading platform to see what I mean.
For those interested, the way I put together my watch list each day is I run a scan to find all stocks the meet the strategy's uptrend criteria. I take the tickers that are relatively close to setting up for a potential entry and put them on the watch list. Since the watch list encompasses the large majority of my trades, there may not be a lot of incremental benefit to be gained from doing the scan on your own. But the tutorial is there in case you're interested.
If you have any questions or feedback, I'd love to hear from you.