Mindful Trader Commentary For August 16, 2022


Hey Guys,


The market is very strong right now. Yesterday the S&P 500 topped out around 4300. Normally after this much upward drive in price there comes a point of rest, but as of yet we haven't seen a whole lot of rest from the market.


I bought only one position so far today. It was DLO in the low-priced account.


There hasn't been any activity in the main account or the extra options account for the last few days. What I do each day is I set up buy limit orders for the tickers on the watch list (both stocks and options). I use the Potential Entry price from the watch list as my buy limit price. Once any of the trades get filled, I immediately load them to the website.


The last few days have been quiet, but some of the tickers on the watch list appear like they have decent odds of triggering an entry within the next couple days. Ultimately you can never tell which trades are going to fire until they actually happen.


I closed a couple trades this morning that reached their time limits. I locked in a partial profit on EDU. And I came out just above breakeven on CG from the low-priced account.


If you have any questions or feedback, I'd love to hear from you.


Sign Up for Trade Alerts