Hey Guys,
The market has been booming upward the last couple days. The S&P 500 is around 3,770 right now.
It's amazing because late on Friday, the S&P 500 seemed to break through the bottom support that had been holding all week long, and by the end of that day it was setting new lows for the year. But instead of the market crashing down after breaking through that support, it instead got the legs to have a big rebound yesterday and today, and now we're at price levels that are higher than anything we've seen in the last couple weeks.
I picked up a new position today. Actually I picked up two, but one of them hit its stoploss so fast that some of you may never have even seen it. I bought MRVI in the low-priced account. After I bought my first helping of it, the stock price barreled downward far enough to qualify for a double down position, so I bought that too. The first position already hit its stoploss this morning, but the second is still open. It's interesting that I've had two cases like this in a row where the trade almost immediately qualifies for a double down (MRVI and CALM). It's not typical.
I closed a couple positions today that reached their time limits: IBKR and CEQP. One was just under breakeven and the other one was close to a full profit.
If you have any questions or feedback, I'd love to hear from you.