Hey Guys,
An inflation report came out this morning, and it caused the market to jolt downward. The S&P 500 is around 3,520 right now, which is a new low for the year. The market is highly volatile right now.
Despite the market turmoil, I had one position reach its profit target at the opening bell (INSW from the low-priced account). Combine that with the fact that I didn't have many open positions to start with, and the result is that I didn't get hit very hard overall by the market drop this morning, even though it was roughly a 100-point drop.
My AU position took a hit though. This morning the price was low enough to qualify for the double down trading strategy, so I picked up another stock position for it in the main account and another options position for it in the extra options account. You'll see two rows for the same ticker in both accounts, but each row represents a completely separate and independent trade.
LLY from the watch list is close to reaching its potential entry price. We'll see if that one ends up triggering a trade today.
If you have any questions or feedback, I'd love to hear from you.