Hey Guys,
The market is down to start the day today. And with the market dip, there's been a lot of activity in my account so far today.
I picked up stock positions in American Express (AXP) and Delta Air Lines (DAL). I also grabbed the options for those tickers in my extra options account. There are other tickers from the watch list that triggered today as well (FITB and MTB), but I didn't take those trades because I limit myself to two stock trades per day.
I also scooped up another MES futures position. I had one expiring today, and a new one fired for the exact same strategy (MT 71). I posted the SPXL equivalent as well.
My SRPT stock position took a big tumble overnight. News came out that affected the stock price negatively. It was especially painful because that stock had been leading the way for my portfolio and was relatively close to hitting its profit target. That's a part of swing trading that's unavoidable: surprise news releases that can affect a company's stock price. Sometimes luck is on our side and we get a surprise boost in the stock price, and sometimes it goes the other way like it did with SRPT. We can't control the news releases, but we can keep in mind that all of this is encompassed by the back test results.
If you have any questions or feedback, I'd love to hear from you.